Driven Properties, a leading real estate brokerage, has made a bold prediction that the prices of apartments in the prestigious Burj Daman building in DIFC will surge by 40% based on recent acquisitions and a bullish market outlook.
In a rare example of institutional funds making large transactions in Dubai, Driven Properties recently purchased 56 units in Burj Daman from ADX-listed Eshraq Investments for AED 158 million. The apartments were bought for AED 1,567 per sq.ft. in a strategic move that Driven Properties Founder & CEO Abdullah Alajaji describes as “the perfect macro play on the Dubai real estate market.”
