Knight Frank wins record-breaking secondary sale deal at JBR
RIYADH, March 5, 2024
Knight Frank, a leading global real estate consultancy, seals record-breaking deal with highest secondary sale and third highest sale in the building, priced at AED26 million ($7.1 million) at renowned residential tower, Address beach Residences JBR.
This record-breaking transaction, involving a 4-bedroom unit, has set a new benchmark for a secondary sale in the building, with a price per sq ft of AED7,125, surpassing the previous record for a secondary sale, which was a three-bedroom unit at AED6,672 per square ft.
Headquartered in London, Knight Frank is a leading independent global property consultancy that advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. Its network has 487 offices across 53 territories and more than 20,000 people.
In the Mena region, the company has strategically positioned offices in key countries such as the UAE, Saudi Arabia, Bahrain, Qatar and Egypt.-TradeArabia News Service
