Top Selling Projects for Dubai Festival City
Dubai Festival City, located in the heart of Dubai, is home to some of the most prestigious and sought-after real estate projects. Among these projects, there are a few that stand out for their exceptional value and high demand from investors and homebuyers alike.
One such project is Marsa Plaza, which is currently one of the top selling projects in Dubai by value. With a current rate of AED 1,352 per square foot, this luxury residential tower offers stunning views of the Dubai skyline and the Dubai Creek. The project boasts of spacious apartments with high-end finishes and top-of-the-line amenities that cater to the needs of modern living.
As of now, the total sale value of Marsa Plaza stands at AED 27 million, making it a highly lucrative investment opportunity for those looking to invest in Dubai's real estate market. Moreover, Marsa Plaza's prime location in Dubai Festival City adds to its allure, as it offers easy access to some of the city's most popular attractions, including the Dubai Festival City Mall and the Dubai Creek Golf and Yacht Club.
In conclusion, Marsa Plaza is undoubtedly one of the top projects in Dubai, offering unmatched value to investors and homebuyers alike. With its exceptional location, luxurious amenities, and premium finishes, this project is a testament to Dubai's unwavering commitment to excellence in real estate development.
Summary For Dubai Festival City
Location Summary: Dubai Festival City
Dubai Festival City is a mixed-use development located in the heart of Dubai, UAE. It is a popular residential and commercial area, offering a range of amenities and attractions, including retail outlets, hotels, restaurants, and entertainment options.
Sales Transactions:
Over the past year, Dubai Festival City has seen 43 sales transactions, indicating a healthy real estate market in the area.
Gross Sales Value:
The total gross sales value of real estate transactions in Dubai Festival City over the past year is AED 100 million, indicating a significant demand for properties in the area.
Current Rate/Sq.ft:
The current rate per square foot in Dubai Festival City is AED 1,463. This reflects a moderate increase in property prices compared to the previous year.
Price Movement:
Dubai Festival City has seen a slight decrease in property prices over the past year, with a price movement of -AED 5. This indicates that the real estate market in the area is stable, with prices remaining relatively consistent.
Overall, Dubai Festival City is a desirable location for real estate investment, offering a range of amenities and a strong market demand for properties.
Price Trend For Dubai Festival City
Location Sales Trend: Dubai Festival City
Dubai Festival City is one of the most sought-after locations in Dubai, known for its luxurious properties, stunning waterfront views, and world-class amenities. If you're planning to invest in this location, it's essential to know the current price trend to make an informed decision. Here's a breakdown of the location sales trend in Dubai Festival City:
Average Rate/Sq.Ft:
The average rate per square foot in Dubai Festival City is as follows:
- Q1'22: AED 1468
- Q2'22: AED 1469
- Q3'22: AED 1469
- Q4'22: AED 1547
- Q1'23: AED 1463
As per the data, the average rate per square foot has remained steady throughout the year 2022, with a slight increase in Q4'22. However, in Q1'23, the average rate has decreased slightly, indicating a possible correction in the market.
No of Transactions:
The number of transactions in Dubai Festival City is as follows:
- Q1'22: 8
- Q2'22: 6
- Q3'22: 13
- Q4'22: 7
- Q1'23: 6
As per the data, the number of transactions has been fluctuating throughout the year 2022, with a significant increase in Q3'22. However, in Q4'22 and Q1'23, the number of transactions has decreased slightly, indicating a possible slowdown in the market.
Conclusion:
In conclusion, the location sales trend in Dubai Festival City indicates a steady market with minor fluctuations in both the average rate per square foot and the number of transactions. However, investors should keep an eye on the market trend and make an informed decision based on their investment goals and risk appetite.
