Dubai Marina Market Report
May 2024
Transactions
1
0% MoM
Total Volume
AED 55.0M
0% MoM
Average Price
AED 55.0M
0% MoM
Avg Price/Sqft
AED 15,714
Median: AED 55.0M
Market Analysis
Dubai Marina recorded 1 transactions totaling AED 55.0M in May 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 55.0M
Premium Transaction
Dubai Marina Prestige Tower
APARTMENT
Price
AED 55.0M
Bedrooms
2
Price/Sqft
AED 15,714
Transacted: 5/20/2024
Frequently Asked Questions
What was the average transaction price in Dubai Marina during May 2024?
The average transaction price in Dubai Marina for May 2024 was AED 55,000,000. This metric reflects the luxury positioning and desirability of the community during this period.
How many transactions occurred in Dubai Marina in May 2024?
1 transactions were recorded in Dubai Marina during May 2024, representing a 0% month-over-month change.
What property types dominated the market in Dubai Marina during May 2024?
Transaction data reflects diverse property type preferences aligned with luxury market positioning.
Is Dubai Marina a sound investment in May 2024?
Evaluate Dubai Marina based on the May 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 May 2024 compare to the previous month in Dubai Marina?
Month-over-month, Dubai Marina showed a 0% change in average prices and a 0% change in transaction volume, indicating adjusting market conditions.