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Tue 14 Jul 2015 11:41 AM

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Dubai’s twisted tower tops Q2 list of most expensive sales

Majority of property deals were in Dubai Marina area

Dubai’s twisted tower tops Q2 list of most expensive sales

An apartment in Dubai Marina’s Cayan Tower, which twists 90 degrees from top to bottom, topped the Q2 sales in the emirate.

The 10,970 square foot apartment was sold for $6.8 million according a report by Emirates 24/7, citing data from Reidin.com.

A spokesperson from Cayan Group, the developer behind the iconic Dubai Marina tower, confirmed the details of the sale when contacted by Arabian Business.

Two apartments in The Address Dubai Mall Hotel, Downtown Dubai were the next on the list of the highest sales during the quarter, fetching $6.3 million and $5.8 million respectively.

Other apartments on the top ten list included Le Reve tower in Dubai Marina ($5 million), Bayside Residence in Dubai Marina ($4.3 million), Dream Palm Residence on Palm Jumeirah ($3.7 million), Cayan Tower ($3.6 million), Al Yass Tower, Dubai Marina ($3.2 million), Marina Residences 1 ($3 million) and Nabat on Palm Jumeirah ($2.9 million).

The top commercial deals, according to Reidin.com data, was $5.2 million for a space in Control Tower in Business Park Motor City. The majority of the commercial deals were for properties in the Downtown Dubai area, including spaces in Vision Tower in Business Bay ($4.6 million) and Boulevard Plaza Tower 1 ($3.4 million).

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