Nov 9

Nov 9 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 levelled-out during the past 6 months. The average growth (AED/sq.ft) summary is:

Past 12 months:
Tiara Residences: 10.57% growth
Palm Jumeirah: 11.49% growth

Past 6 months:
Tiara Residences: 2.28% growth
Palm Jumeirah: 8.06% growth

Market activity during 2024 has been less than for the first half of 2023. However, there is still good demand from buyers for vacant apartments with most 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.