Renewed investor confidence in the Dubai property market has driven prices for properties in The Grandeur Residences on Palm Jumeirah by over 40 per cent.
“Prices had touched a low of Dh1,400 per square foot about 18 months ago, but are now well over Dh1,800 per sqft due to increased investor interest for properties on the Palm,” Rajesh Rao, General Manager Sales, ETA Star Property Developers, told Emirates 24|7.
Russians and Indians top the list of buyers in the project.
Data analysed by Emirates 24|7 from various online listing reveals average asking prices ranges between Dh1,800 and Dh,2000 per sqft for these fully furnished apartments.
No comments:
Post a Comment