Biggest Dubai property for sale deals of 2014 so far

A flat sold in Burj Khalifa, the planet's tallest tower, has capped the record of the 10 largest Dubai property for sale deals completed in first-quarter 2014. 7.

The second place was taken by a 6,887-square-feet apartment in Dream Hands Home, Palm Jumeirah, which was offered for Dh15.50 million followed closely by a 10,254-square feet apartment in Marina Houses - 5, Palm Jumeirah, selling for Dh15 million.

Taking the fourth-place was a 9,000-square feet unit in Marinascape Towers, Dubai Marina, which marketed for Dh12.6 ml, while on the fifth place was a 5,645-square-feet apartment in 23 Marina, Dubai Marina. The apartment was purchased for Dh11.5 million. A 1,732-square feet device in the Downtown Dubai address hotel (River Resort) offered for Dh11.45 million, taking the sixth spot, while the seventh largest deal was a 2,499-square feet unit in Al Bahar Dwellings, Downtown Dubai, for Dh10.20million.

A flat offered for Dh42 million in Fairmont The palm had capped the list of the biggest apartment trades in 2013. HSBC Global Study stated in a fresh report that it anticipated Dubai property for sale cost to increase by 10 to 1 5 per cent in 2014. "We predict 10-15 percent growth in costs from present amounts in 2014 and relatively steady web produces at 4.5-5%," the bank said in a recent report.

Goldman Sachs Team has already stated there were no anxieties of a property meltdown and the Dubai property market growth was sustainable.

JLL, a global property consultancy, too has eliminated an at hand property bubble recently, declaring, "the Dubai property market was 'smarter' this moment with investors getting more cautious and better rules set up.