Price Trend For Al Wasl
Location Sales Trend: Al Wasl
If you are looking to invest in real estate in Al Wasl, then you should know about the location sales trend in this area. The location sales trend report provides insights into the average rate/sq.ft and the number of transactions in the area.
According to the report, the average rate/sq.ft in Al Wasl is expected to increase over the next few quarters. In Q1'22, the average rate/sq.ft was 1800, which is expected to increase to 1935 in Q2'22, and then to 2091 in Q3'22, and finally reach 2132 in Q4'22. By Q1'23, the average rate/sq.ft is expected to reach 2315.
In terms of the number of transactions, the report shows a fluctuating trend in Al Wasl. In Q1'22, the number of transactions was 159, which increased to 181 in Q2'22. However, in Q3'22, the number of transactions increased significantly to 614, and then decreased to 588 in Q4'22. By Q1'23, the number of transactions is expected to be 213.
Overall, the location sales trend report shows that Al Wasl is a promising area for real estate investment. The increasing average rate/sq.ft indicates that the demand for properties in this area is high, which is a positive sign for investors. However, the fluctuating trend in the number of transactions suggests that investors need to be careful and do their due diligence before investing in this area.
Summary For Al Wasl
Location Summary: Al Wasl
Al Wasl is a prime residential area located in the heart of Dubai. It is known for its luxurious villas, high-end apartments, and world-class amenities, making it a highly sought-after location for both residents and investors.
Sales Transactions:
According to recent data, there have been 1,881 sales transactions in Al Wasl, which is indicative of a strong real estate market in the area. The high number of transactions suggests that there is a high demand for properties in the area.
Gross Sales Value:
The gross sales value of properties in Al Wasl is estimated to be AED 4 billion. The high sales value is a reflection of the high-end nature of the properties in this area, which are priced at a premium.
Current Rate/Sq.ft:
The current rate per square foot in Al Wasl is AED 2,275, which is higher than the average price per square foot for Dubai. This is an indication of the high-end nature of the properties in Al Wasl.
Price Movement:
There is no available data on the price movement in Al Wasl. However, given the high demand for properties in the area, it is likely that property prices in Al Wasl are stable or increasing.
Overall, Al Wasl is a highly desirable location for real estate investors and residents alike. The high number of sales transactions and gross sales value suggest that the real estate market in Al Wasl is strong, and the high price per square foot is indicative of the luxurious nature of the properties in this area.
Top Selling Projects for Al Wasl
Dubai's Al Wasl area is home to some of the top-selling real estate projects in the city. These projects are highly sought-after and offer unmatched luxury and comfort to residents. Here are the details of the top-selling projects by value in Al Wasl:
1. Meydan Canal Front Residences: This project has a current rate of AED 2,024 per square foot, and the sale/rent value is AED 2,094 million. There has been a recent change of +AED 224, making it an attractive investment opportunity for buyers.
2. Meraas Central Park: With a current rate of AED 2,356 per square foot, the sale/rent value of this project is AED 566 million. The project is located in a prime location and has a lot of amenities that make it an ideal residence for families.
3. Meraas Castleton: This project has a current rate of AED 2,192 per square foot, and the sale/rent value is AED 477 million. It is a luxurious residential project that offers a great location and top-notch amenities.
4. Meraas Laurel: The current rate of this project is AED 2,233 per square foot, and the sale/rent value is AED 452 million. The project is designed to provide residents with an unparalleled lifestyle and is a great investment opportunity.
All of these projects offer high-quality amenities, state-of-the-art facilities, and a luxurious lifestyle to residents. They are ideal for individuals and families seeking the best of Dubai's real estate offerings. Don't miss out on the opportunity to invest in one of these top-selling projects in Al Wasl.
