At the renowned residential tower Address beach Residences JBR, Knight Frank, a leading global real estate consultancy, closes a record-breaking deal with the highest secondary sale and third highest sale in the building, priced at AED26 million ($7.1 million).
With a price per square foot of AED7,125, this transaction broke previous records for secondary sales in the building. The previous record belonged to a three-bedroom unit that sold for AED6,672 per square foot. The transaction involved a four-bedroom unit.