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#Report: Dubai Marina Performance Q1 2019
Dubai Marina Remains Strong in Q1 2019
Comparison Between Q1 2018 vs Q1 2019
Q1 2019
| Total number of sales transactions: | 276 |
| Total Value of sales transactions: | 489,693,627 AED |
| Highest value transaction: | 10,050,000 AED |
| Average Price per SQ.FT: | 1,473 AED |
Q1 2018
| Total number of sales transactions: | 286 |
| Total Value of sales transactions: | 472,416,642 AED |
| Highest value transaction: | 6,000,000 AED |
| Average Price per SQ.FT: | 1,631 AED |
5 Most Expensive Transactions Q1 2019
1- 4BR penthouse,total BUA of 6,297 SQ.FT at Le Reve Tower sold for 10,050,000 AED
2- 2BR penthouse,toal BUA of 4,629 SQ.FT at Le Reve Tower sold for 9,260,000 AED
3- 4BR penthouse,total BUA of 5,644 SQ.FT at 23 Marina sold for 8,500,000 AED
4- 5BR penthouse,total BUA of 7,605 SQ.FT at Al seef tower sold for 7,100,000 AED
5- 4BR penthouse,total BUA of 3,296 SQ.FT at Marina Gate 1 sold for 6,800,000 AED
Analysts Note
We are witnessing an increase in demand for ultra luxury properties and that's proven here where the highest transaction recorded in Q1 2018 was for 3BR villa in Al Anbar valued at 6,000,000 AED while multiple transactions above the 6,000,000 AED figure were recorded in Q1 2019 that's all because of the increase in the population of HNWI & UHNWI (ultra high & high net worth individuals) in Dubai the city that offers ultra luxury properties and amenities at an affordable price comparing with other cosmopolitancities around the word.
Source : Research Team Through DLD/ Price Finder
