SOURCE: Arabian Business
“The $272-million (AED1 billion) 1/JBR, being built on the last piece of land in Jumeirah Beach Residence (JBR), registered the most expensive “off plan” apartment sale in Dubai last year.The 3,361-square foot apartment in 1/JBR was sold for $8.08m (AED29.67m). The sale was handled by Gulf Sotheby’s International Realty.
“This is a development that any buyer, either as an end-user or investor will be able to consider as a primely located luxury tower on the beach in Dubai,” said Leigh Williamson, the agent who handled the sale.”The spacious 2 bedroom middle units being offered at the moment at excellent pricing and good payment plans with full sea views are the most sought after. With the recent announcement of the contractor being awarded and construction in full swing, 1/JBR is set to be the unrivalled tower along the beach front for many years to come.”