Landmark Properties has announced record sales at Dubai Marina for the first six months of this year.

The Landmark Properties’ sales figures from January 2007 to June 2007 reveal that Dubai Marina has started to dominate Dubai’s real estate market, said a top official.

'The figures show that Dubai Marina is comfortably ahead of all other developments in terms of sales while in residential leasing Uptown Mirdiff leads the figures,' said Landmark Properties general manager Craig Johnson.

“The full effect of Dubai Marina is starting to become apparent on the Dubai property scene. The level of enquiries we received in our Dubai Marina branch that result in transactions are extremely strong,” he added.

Since opening its third branch at Dubai Marina in March this year, Landmark Properties has solidified its growing market share and witnessed high walk in business at the branch as a direct response to a growing client interest.

“Investors are increasingly considering Dubai Marina a viable option as the number of projects that are being delivered and coming online increases,' Johnson said.

The Marina still offers excellent potential returns on investment. Both locally and internationally, waterfront developments are in high demand and appeal to both end users and investors alike, he noted.

According to Johnson, the appeal of waterfront living will continue to attract investors and that Dubai Marina will dominate the real estate scene for some more time.

'Second to Dubai Marina in terms of sales is Jumeirah Lake Towers. This high end development has started to become available with both residential and commercial interest driving activity.'

Landmark Properties sold the largest number of villas in the luxury Acacia Avenue project, which offers expatriates the opportunity to purchase in the Jumeirah area for the first time along with the perennially popular Emirates Hills community.

“High end, free hold villas continue to set the pace in the market with supply not yet meeting demand in this segment of the market. This is a pattern Landmark Properties predicts will continue for the rest of the year,” concluded Craig Johnson. TradeArabia News Service