Azure Residences - Sold Prices - Market Trends
Azure average Sold Prices and Market Trends
Author Gareth Davies - Award Winning Broker and Property Consultant
The Sold Prices trend at Azure Residences has improved during the past six months. During October, the first sale of a 2-bedroom apartment has been achieved since September 2023.
Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)
Graph: Azure Residences : Sold Price Growth (AED/sq.ft)
Source: Property Monitor
Demand from buyers still exists but they are mainly potential owner-occupiers (end-users) requiring Vacant on Transfer properties.
The Volume of Sales each quarter year has increased. However, there are not enough Vacant on Transfer apartments to satisfy demand. There have been no sales of 2-bedroom apartments since September 2023.
SOLD PRICES
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
The main attractions of Azure Residences are the views of the sea, Burj Al Arab and Palm Crescent in the distance. Azure has one of the longest swimming pools in Dubai and the views from the well-equipped gymnasium are spectacular.
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