Dec 2

Dec 2 Tiara Residences - Sold Prices - Market Trends

Tiara Residences : Sold Prices and Market Trends

Author: Gareth Davies - Award Winning Property Consultant

The monthly change in the average Sold Price (AED/sq.ft) at Tiara Residences has shown a reasonable growth of 5.3% during the past 6 months and follows the general trend in Palm Jumeirah.

The volume of sales during 2024 has been less than that of 2023 due to a shortage of vacant on transfer apartments to match the demand from those buyers looking to purchase their next home.

Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)

Graph: Tiara Residences : Sold Price Growth (AED/sq.ft)

Sold Prices at Tiara Residences

Vacant apartments are achieving from 5% to 15% more than rented apartments because most of the buyers who want to purchase and occupy Palm apartments are not prepared to wait 12 months after Notices to Evict are served on existing tenants.