Dubai Marina property sells for record price

22/11/2012 - Dubai Property News
Dubai Marina property sells for record price

A Dubai Marina apartment has been sold for Dh34.7 million, nearly four times the auction reserve price, according to local media reports. The 1,355 square meter property in Le Reve tower, originally listed at Dh9.5 million, was bought by a Russian Investor. The Dubai Marina area has rapidly grown in popularity to become one of the city’s hottest places to own property. The stunning man made marina now commands premium property prices and is home to The First Group’s latest hotel apartment development, TFG Marina Hotel.