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Downtown Dubai: the largest transaction for the sale of offices in Q2 2015

Thursday, 16 July 2015

Commercial real estate market in Dubai (UAE) in the second quarter of 2015 was recorded a few large real estate transactions.

Control tower DubaiAs reported with reference to Emirates Business 24 | 7, six of the ten largest commercial real estate transactions in the second quarter of 2015 were recorded in the area of ​​Downtown Dubai.  According to the Dubai Land Department the largest commercial real estate transaction in the reporting period was made in Control Tower  located in the area of ​​Business Park Motor City. The price of the transaction amounted to 19.19 million dirhams (US $ 5.3 million).

Vision tower Dubai

The second value of the transaction has been registered in the same project and its cost amounted to 17.62 million dirhams (US $ 5 million). The project Vision Tower located in the area of ​​Business Bay has the third place ranking. The price of this transaction amounted to 17 million dirhams (US $ 4.7 million).

Deal with the real estate project Vision Tower in Business Bay area worth 10.54 million dirhams (US $ 2.9 million) was in seventh place in the rankings. Transactions worth 10.13 million dirhams (US $ 2.8 million) and 9.92 million dirhams (US $ 2.7 million) in the project of Boulevard Plaza Tower 1 in the area of ​​Downtown Dubai took eighth and ninth place in the ranking, while the tenth place went to deal with the real estate project Boulevard Plaza Tower 2, the cost of which amounted to 9.32 million (US $ 2.5 million).The deal worth 12.6 million dirhams (US $ 3.5 million) recorded in the project Boulevard Plaza Tower 1 in the area of ​​Downtown Dubai ranked fourth place in the ranking. It is followed by the transaction in the draft Boulevard Plaza Tower 1 worth 11.25 million dirhams (US $ 3.1 million).