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 The prices per square foot (0.09 m ²) have increased by 18-38% since the beginning of the year for the apartments of the project Dubai Marina, located in Dubai (UAE).
For instance, in the fourth quarter of 2008, the average price for an apartment with a one bedroom area 69,6-78,9 m ² for the above project, was ranging from 750 thousand to 1 million dirhams (204 918-273 224 U.S. dollars) or 1 thousand AED (273 U.S. dollars) per square foot.
At hand, similar properties of the same project are sold at prices ranging from 850 thousand to 1.2 million dirhams (232 240-327 868 U.S. dollars) or 1 000-1 500 dirhams (273-409) per square foot.
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