Price declines could be attributed to the fact that many older villa communities are showing signs of fatigue and are in need of refurbishment. This has sparked higher demand for newer properties.
New supply will put further pressure on prices.
Plenty of off-plan projects involving townhouses and villas are lined up in the coming years. For instance, the latest releases at Arabian Ranches III is going for Dh1.2 million and over, with 30 per cent of the payments bundled into two years after completion.
These types of attractive offers for brand new homes tempt home buyers looking at future investments with convenient payment plan.
Here’s a look at the 7 communities whose prices are going lower inspite of outstanding infrastructure and ease of access.
A premium desert-themed development set on 6.67 million square metres, Emaar's Arabian Ranches features a championship golf course and luxury homes set in a tranquil landscape a short distance from Burj Khalifa and Dubai Polo & Equestrian Club.
Emirates Hills Villas set in elegant private neighborhoods that are highlighted by lush green landscaping. The community comprises Dyaar Al Hambra, the Montgomerie Villas and Maisonettes and Signature Villas. Residents can choose from a range of ready-made stylish villas or opt for plots of land on which to realise their own architectural designs, which range in size from 12,000 to 45,000 sq. ft.
The gated community offers 24-hour security and maintenance, picturesque walkways, and access to golf club house and spa facilities. The established community continues to be one of the most-desirable ultra-luxury residential areas in Dubai.
Emirates Hills is also part of Emaar’s Emirates Living that is home to other sub communities: The Springs, The Lakes, Meadows and The Greens
Tranquil and scenic with waterways, parks and landscaped greenery, The Lakes community sets the tone for family living in Dubai
Tranquil and verdant, The Meadows is Emaar’s master-planned community featuring tree-lined streets and spacious, distinctive villas.
An established gated community of town houses set amidst scenic waterways and lush landscaping, The Springs is an ideal residential choice for families.
A fully-established neighborhood, The Greens community in Dubai is a collection of elegantly-designed apartments in the heart of the city. Home buyers looking at the convenience of an apartment amidst community living will love this neighborhood.
Centrally located Dubai Silicon Oasis is designed as one big park that is divided into industrial, educational, commercial, residential and public facilities. Investors have plenty of potential to benefit from investing in this progressive neighborhood.
Also since most of the upcoming projects are apartments based, villas will be seen as an exclusive investment opportunity in comparison.