Club Vista Mare - Sold Prices - Market Trends
Sold Prices for Club Vista Mare, Palm Jumeirah, Dubai
Author: Gareth Davies - Award Winning Broker and Property Consultant
The rate of growth in sold prices at Palm Jumeirah has increased by approximately 12% during the past year, with most of that growth (9.6%) during the past 6 months. Clearly, this is an average for all the buildings and communities in Palm Jumeirah so there will be some locations which perform above or below the average. The erratic growth experienced in 2022-2023has been followed by more sustainable overall during 2024.
At Club Vista Mare the Asking Prices have increased more quickly than the Sold Prices.
Studios, being more affordable, have generally increased more significantly than larger residential property.
As “normal” in a rising market, there are studios advertised at unrealistic asking prices, as sellers’ expectations increase more quickly then buyers’ offers.
Strong demand for studios which are vacant on transfer. Many of these are selling at 5% to 15% above the sold prices of leased apartments.
Graph: Palm Jumeirah : Sold Price Growth (AED/sq.ft)
Source: Propertymonitor.ae and Dubai Land Department
SOLD PRICES
Source: Propertymonitor.ae and Dubai Land Department
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