Business Bay Market Report
August 2024
Transactions
1
0% MoM
Total Volume
AED 72.0M
0% MoM
Average Price
AED 72.0M
0% MoM
Avg Price/Sqft
AED 15,000
Median: AED 72.0M
Market Analysis
Business Bay recorded 1 transactions totaling AED 72.0M in August 2024, with average prices trending stable.
Performance Trends
Month-over-Month
Volume Change
0%
Average Price Change
0%
Transaction Count Change
0%
Year-over-Year
Volume Change
0%
Average Price Change
0%
Transaction Count Change
0%
Property Type Distribution
APARTMENT
1
100% of transactions
Avg: AED 72.0M
Premium Transaction
Business Bay Prime Tower
APARTMENT
Price
AED 72.0M
Bedrooms
3
Price/Sqft
AED 15,000
Transacted: 8/20/2024
Frequently Asked Questions
What was the average transaction price in Business Bay during August 2024?
The average transaction price in Business Bay for August 2024 was AED 72,000,000. This metric reflects the luxury positioning and desirability of the community during this period.
How many transactions occurred in Business Bay in August 2024?
1 transactions were recorded in Business Bay during August 2024, representing a 0% month-over-month change.
What property types dominated the market in Business Bay during August 2024?
Transaction data reflects diverse property type preferences aligned with luxury market positioning.
Is Business Bay a sound investment in August 2024?
Evaluate Business Bay based on the August 2024 performance metrics: transaction volume, average prices and year-over-year trends. Compare with other luxury communities to assess relative value. Consult with MRK's investment advisory team for personalized guidance.
How does August 2024 compare to the previous month in Business Bay?
Month-over-month, Business Bay showed a 0% change in average prices and a 0% change in transaction volume, indicating adjusting market conditions.