Dubai Marina property prices buoyed by new infrastructural projects

Dubai Marina is helping the area maintain its impressive property price growth.New research from Cluttons has found that the wave of new transport, retail and leisure facilities around Dubai Marina and in the surrounding area is further instigating buyer demand and raising prices.

Prices have already increased by an average of 28% to 1,670 AED ?301 per square foot over the past five years.Lucy Bush, Head of Residential Sales and Leasing at Cluttons, said: ‘;JBR and Dubai Marina have become increasingly popular locations over the past five years, with many residential properties at 100% occupancy.

“Faisal Durrani, Cluttons International Research and Business Development Manager, added the majority of the Dubai property market saw growth stabilise in the latter half of last year, but prices in the well-established areas such as Dubai Marina and Jumeirah Beach Residence, supported by completed infrastructure and community facilities, have continued to hold.

 

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