Upscale apartments in Harbour Lights sell for a price 1.5 times below the market value

Upscale apartments in Harbour Lights sell for a price 1.5 times below the market value

The price of apartments with views in the residential project Harbour Lights is at least one and a half times lower than the average market value, as explained by Aram Grigoryan, Senior Property Expert at the real estate agency AX CAPITAL.

The high-end waterfront complex contains one- to three-bedroom apartments with incredible views of the Persian Gulf and premium finishing. According to Aram Grigoryan, this project combines several considerable advantages that form a unique proposition:

• A waterfront location. Seaside properties are in roaring demand in Dubai and extremely hard to find. The existing offers are far more expensive than residences in Harbour Lights.
• A famous and reliable developer. This project is implemented by Damac Properties that has been in the market for over 20 years and boasts an extensive portfolio and an impeccable reputation. The buyers won’t have to worry about the complex not being completed on time.
• The size of the apartments, the class of the building, and the design by the jewellery brand De Grisogono. The floor area of the smallest residence is 74 m2. This premium tower features a series of unique amenities, including a floating pool.

The cheapest apartment in this prestigious project costs AED 1.32 million (USD 359,500).