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#Report: Downtown Dubai Performance Q1 2019
One project stole the show in Downtown
Comparison Between Q1 2018 vs Q1 2019
Q1 2019
| Total number of sales transactions: | 120 |
| Total Value of sales transactions: | 225,061,729 AED |
| Highest value transaction: | 9,349,948 AED |
| Average Price per SQ.FT: | 2,101 AED |
Q1 2018
| Total number of sales transactions: | 92 |
| Total Value of sales transactions: | 219,043,109 AED |
| Highest value transaction: | 18,185,916 AED |
| Average Price per SQ.FT: | 2,394AED |
5 Most Expensive Transactions Q1 2019
1- 4BR apartment,total BUA of 3,737 SQ.FT at The Address Downtown Tower sold for 9,349,948 AED
2- 2BR apartment,total BUA of 1,926 SQ.FT at Armani Residence sold for 6,862,805 AED
3- 2BR apartment,total BUA of 2,203 SQ.FT at Burj Khalifa sold for 6,600,000 AED
4- 3BR apartment,total BUA of 2,106 SQ.FT at Burj Vista sold for 6,206,888 AED (bulk deal)
5- 3BR apartment,total BUA of 2,106 SQ.FT at Burj Vista sold for 6,206,888 AED (bulk deal)
Analysts Note
Declined prices helped Downtown to witness an increase in the number of sales transactions comparing with the same quarter last year and it helped stabilizing the total sales value , however what's worth mentioning that a star stole the show where 38 sales out of 120 total units sold in Downtown were at Burj Vista Tower the recently finished development that witnessed a tremendous demand from investors and end users.
The numbers mentioned above are excluding land sales .
Source : Research Team Through DLD/ Price Finder
