Price Trend Reports Palm Jumeirah

The Greens

September Report

Although prices for sales and leasing have been dropping consistently throughout the year, we are still seeing a very high demand across the community for a cross-section of property types for sales and leasing.

  • The most popular transaction for rental, and the biggest rental driver, which has remained consistent throughout the year at under AED75,000/- per annum, are studio's and 1 bedroom apartments representing just under 50% of all rental transactions from April-September 2018.
  • Sales prices have remained fairly flat with an average price drop of between 0.1%-0.5% April-August 2018 with an increased price drop during September of 2.4%. This can be attributed to a large amount of new inventory becoming available after the summer break and a willingness to transact from owners due to prices softening MoM.
  • The Greens remains one of the strongest performing communities for sale and rentals, with seller/landlord pricing expectations softening from the beginning of 2018, in direct relation to pricing demand.

 

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