The strong response to Emaar’s prime property indicates robust demand for premium developments in Downtown Dubai, which was one of the most sought-after communities for residential sales and leasing last year.
Emaar released 147 out of 280 units on Saturday and all were sold out in a few hours, according to a real estate agent. The average unit price is Dh2,500 per square feet, he added. Khaleej Times approached Emaar to get details of the units sold, but did not get any response till filing the report.
Prospective buyers queue outside the Emaar Square office as sales opened for The Address Residence Fountain Views property in Downtown Dubai on Saturday morning. — KT photo by Rahul Gajjar |
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