The softening of property prices in Dubai has raised much concern among real estate investors. Although 2018 saw fewer launches of fresh projects, the market was flooded with over supply of housing units. This in fact made houses more affordable for local residents to upgrade their apartments to independent housing such as villas and townhouses. In spite of the affordability, sales volume did not create a stir in the market.
However, there is some good news. According to average sale price data (Nov 2018) by Property Monitor, the following communities have maintained a stable pricing month on month while all other major localities are in the red. This certainly indicates a shift in the market where investors are looking for quick returns at the onset of Expo 2020 and buying properties closer to the venue.
Dubai South (Dubai World Central)
Dubai World Central, the 145 square kilometre purpose-built city that includes Al Maktoum International Airport has been renamed as Dubai South. Launched in 2006, it is also the site of the World Expo 2020 and the biennial Dubai Airshow.
The Residential District in Dubai South is a master planned city that aims to create a city based on the happiness and wellbeing of people. Re-imaging urban spaces, the master-planned communities, in the Residential District, will be distinguished by their world-class design, superior build quality, and a wide range of lifestyle amenities, with all aspects of life from work and play to fitness and education available within a 10-minute walking radius. It is seamlessly connected to key landmarks in the city through arterial roads, and the metro.
Four housing projects consisting of apartments and townhouses form the pillars of The Residential District - The Pulse, Parklane, The Villages and Sakany.
Average sale price of a villa in Dubai South: 649 AED/sq.ft.
Stretched along a 14 million sq. ft. of area, Living Legends is a Tanmiyat Group initiative offering 500 villas laced with the green pastures of a golf course with a dozen apartment blocks. 2,200 apartments make up the built-up space of this luxurious area along with a host of amenities. Located in the heart of Dubailand, the presence of iconic architectures around this locale ups its glamour quotient for both residents and guests. The nearness to the exquisite amusement park Global City makes it a must visit destination for residents and guests to revel in the spirit of Dubai.
Average sale price of an apartment in Living Legends: 743 AED/sq.ft.
Mudon consists of a total of four phases, Rahat (Phase 1), Naeem (Phase 2), Arabella, and Arabella (Phase 2). Premium residential properties in Mudon today have become one of the best gated communities in Dubai offering a great value for money.
A short 15 minute drive from Jumeirah Beach Road, this gated community with round the clock security, consists of several ready and off plan phases of villas and townhouses. Mudon residents can currently find nearby necessities in the Al Salam Town Center including a grocery store, pharmacy, nursery, health club, various restaurants and coffee shops.
With an area sprawling over 30 million square feet, this plush locale takes pride in its 800+ villas as part of its offerings for property for sale in Mudon Dubai. As a prime attraction of the spectacular Dubailand, it offers residents a tranquil yet enjoyable lifestyle, only minutes away from the key areas of Dubai, such as the Downtown Dubai (29.5 km).
Average sale price of a villa in Mudon: 780 AED/sq.ft.