In Downtown Dubai's primary market, there were 319 real estate transactions worth AED 1.5 billion over the last 90 days. The transactions were spread across multiple projects in the area. Elegance Tower had the highest number of transactions (208) with a total value of AED 506 million, while Burj Royale had only one transaction worth AED 1.6 million. The most expensive transactions were in THE RESIDENCE Burj Khalifa, with 26 transactions worth AED 691.4 million, mainly for larger apartments (3-5 bedrooms). Overall, 1 and 2-bedroom apartments were the most popular choices among buyers, with the exception of THE RESIDENCE Burj Khalifa.
Following is the list of projects in Downtown Dubai along with their sales records:
Elite Downtown Residences: 18 transactions were recorded, with a total value of AED 39.3 million. Out of these, 8 were for studio apartments, 4 were for 1-bedroom apartments, 5 were for 2-bedroom apartments, and 1 was for a 3-bedroom apartment.
- Burj Royale: Only one transaction was recorded, worth AED 1.6 million for a 1-bedroom apartment.
- Elegance Tower: 208 transactions were recorded, with a total value of AED 506 million. Out of these, 103 were for 1-bedroom apartments, and 105 were for 2-bedroom apartments.
- Vida Dubai Mall, recorded multiple transactions.
- St Regis The Residence Tower 1: 5 transactions were recorded, with a total value of AED 14.6 million. Out of these, 2 were for 1-bedroom apartments, and 3 were for 2-bedroom apartments.
- St Regis The Residence Tower 2: 3 transactions were recorded, with a total value of AED 9.1 million. Out of these, 1 was for a 1-bedroom apartment, and 2 were for 2-bedroom apartments.
- Dunya Tower: 3 transactions were recorded, with a total value of AED 3.1 million. Out of these, 1 was for a 1-bedroom apartment, and 2 were for studio apartments.
- Act Two: Only one transaction was recorded, worth AED 2.9 million for a 2-bedroom apartment.
- BLVD Heights 1: 2 transactions were recorded, with a total value of AED 10.1 million, both for 2-bedroom apartments.
- Boulevard Point: 2 transactions were recorded, with a total value of AED 4 million, both for 2-bedroom apartments.
- Opera Grand: 2 transactions were recorded, with a total value of AED 18.5 million. Out of these, 1 was for a 2-bedroom apartment, and 1 was for a 4-bedroom apartment.
- BLVD Crescent Podium: Only one transaction was recorded, worth AED 6.7 million for a 3-bedroom apartment.
- BLVD Heights 2: Only one transaction was recorded, worth AED 4.9 million for a 2-bedroom apartment.
- Act One: 3 transactions were recorded, with a total value of AED 6.4 million. Out of these, 1 was for a 1-bedroom apartment, and 2 were for 2-bedroom apartments.
- The Address Residences Dubai Opera T2: multiple transactions were recorded.
- Armani Residences Burj Khalifa recorded 7 transactions worth AED 32.7 million, and all of them were for 1-bedroom apartments.
- Vida Dubai Mall had 18 transactions worth AED 74.7 million, with 2 transactions for 1-bedroom apartments, 12 transactions for 2-bedroom apartments, and 4 transactions for 3-bedroom apartments.
- Upper Crest recorded 3 transactions worth AED 8.7 million, all for 3-bedroom apartments. There were also 3 transactions for 2-bedroom apartments and 1 transaction for a 3-bedroom apartment.
- Burj Crown had 10 transactions worth AED 16.7 million, and 6 of them were for 1-bedroom apartments
- THE RESIDENCE Burj Khalifa had 26 transactions worth AED 691.4 million, with 7 transactions for 3-bedroom apartments, 8 for 4-bedroom apartments, and 11 for 5-bedroom apartments.
- City Center Residences recorded 3 transactions worth AED 11.1 million, with 1 of them for a 1-bedroom apartment and 2 for 3-bedroom apartments. The 118 (Downtown 118) had only 1 transaction worth AED 22 million, for a 4-bedroom apartment.
- Imperial Avenue had only one transaction worth AED 2.4 million for a 1-bedroom apartment.
- RP Heights recorded 9 transactions worth AED 26 million, with 7 for 2-bedroom apartments, 1 for a 3-bedroom apartment, and another one for a 4-bedroom apartment.
- 29 Burj Boulevard Tower 2 had only 1 transaction worth AED 1.6 million for a 1-bedroom apartment.
- The Address Residence Fountain View 2 had only 1 transaction worth AED 3.2 million for a 1-bedroom apartment.
- Mon Reve (Credo Tower) also had only 1 transaction worth AED 1.3 million for a 1-bedroom apartment.
- Forte Tower 1 had 1 transaction for a 2-bedroom apartment, worth AED 2.5 million.
- The Address Residence Sky View 1 had 15 transactions worth AED 86.8 million, with 8 for 2-bedroom apartments and 7 for 3-bedroom apartments.
- The Residences 9 (T2) had only 1 transaction worth AED 4.3 million for a 3-bedroom apartment.
- Downtown Views recorded 2 transactions worth AED 5.5 million, both for 2-bedroom apartments.
- Finally, South Ridge Towers 5 had only 1 transaction worth AED 2.5 million for a 3-bedroom apartment.
The information provided is from the sources of the Broker Terminal, an innovative platform that boasts an impressive scope, covering over 6,000 real estate projects across all freehold locations in Dubai. This includes comprehensive details about 360 developers and their respective projects. With such an extensive and thorough database, Broker Terminal serves as an unmatched resource for investors seeking to make informed decisions in the Dubai real estate market. Its unparalleled depth and breadth of information make it an essential tool for anyone looking to stay ahead of the curve in this fast-paced industry.
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