Dubai apartment sold for record AED14,000 per square foot
$55m property in Downtown Dubai’s Baccarat Residences sets city real estate record
ADowntown Dubai apartment has sold for a record AED14,000 per square foot, says Luxhabitat Sotheby’s International Realty.
The property firm officially launched the Exclusive Baccarat Residences just a month ago in Downtown Dubai and has already sold a residence for the record-breaking price-to-size ratio sum.
According to Bloomberg reports the sale was for a $55.3m (AED203.1m) five-bedroom residence in the as-yet to begin construction development.
