Falling prices are of a great concern for those who have an outlay on any investment. However, a speculative investor views an opportunity when none seems to exist.
Dubai property market is on a decline for quite a number of years now. It is not the dearth of demand that is causing this. Oversupply due to a large number of development projects is a major factor driving this decline.
Due to a continued gap between supply and demand, Dubai residential property prices will fall another 5-10 per cent this year before steadying in 2020 as per Standard & Poor Global Ratings.
S&P said the residential property market was unlikely to see a meaningful recovery in 2021. Prices have fallen 25 per cent to 33 per cent in nominal terms since 2014, the report said.
Emaar Properties, Dubai's largest listed developer, received a BBB rating from S&P- with a stable outlook. Damac Real Estate Development Ltd had to settle down for a notch downgrade to BB- rating.
Real estate consultancy firm Cavendish Maxwell has said that property prices registered 12-month decline of 6.9 per cent on average.
We at MyVilla further reviewed statistics from Property Monitor for the month of February 2019 and identified these top communities as ideal to upgrade rental villas. When compared month on month, these communities showed a decline in rental prices of 1.5-2.0 per cent on average.
With outstanding development and amenities, these villa communities will provide you with the right reasons to move to a better space and location.
A luxury family community in the centre of DUBAILAND, The Villa offers stylish 4, 5 and 6-bedroom villas. Beautifully designed and fitted out, the properties capture authentic Spanish style in an environment that is tranquil and private. Inspiring a sense of Mediterranean living, many villas offer courtyards, carefully selected colour schemes, themed landscaping and expertly executed architectural features.
The Villa in Dubai Land has an expansive community which caters excellently to families with lush landscaped gardens and pathways throughout, a series of children’s play areas and a large park, a nursery, tennis courts, a mosque and a community centre including a supermarket, coffee shop, pharmacy and beauty salon.
The enchanting and quiet environment, far removed from the hustle and bustle of city living, belies the convenient access it has to Sheikh Mohammed Bin Zayed Road, Emirates Road and Al Ain Road.
Average rent of a villa: AED 145,485 per unit
Combining elements of Arabic architecture and European sophistication, the development comprises of 24 residential neighbourhoods spanning over several thousand acres of land. The master community also includes Arabian Ranches II, an extension of Arabian Ranches with 7 residential neighborhoods within the community. Located next to Sheikh Mohammed bin Zayed Road, all of Dubai's key locations are within easy reach.
Amenities include swimming pools, parks and barbeque areas, basketball and tennis courts, lakes and walking trails. A world class golf course and the prestigious Dubai Polo & Equestrian Club adds to the classy lifestyle offered here. Arabian Ranches is home to a nursery and school too.
Across the road from the school is The Retail Centre, which has a variety of handy shops, including a supermarket, restaurants and coffee shops as well as a mosque.
Average rent of a villa: AED 130,264 per unit
MOHAMMED BIN RASHID CITY
District One Villas at Mohammed Bin Rashid City come in three distinct Contemporary, Modern Arabic and Mediterranean styles. Surrounded by world-class amenities, these plush homes are the perfect setting to start a family or raise one.
VILLAS Mediterranean and VILLAS Contemporary
With understated lines, sleek finish and elegant interiors, these modern villas are minimalistic in design.
With an array of sliding glass doors and windows that open the barriers between the interior and exterior, these stylish villas create an incredibly light ambience that enhances the feeling of space.
VILLAS Modern Arabic
These villas are traditional arabesque homes with a modern twist.
An eclectic reflection of rich Arabian heritage and aesthetic splendour, these homes offer the ideal ambience of exclusivity and enjoyment.
Astutely designed for large families and guests alike with a clear hierarchy of form creating truly special spaces and separate zones that allow smooth transition, these villas offer complete privacy in absolute comfort.
Average rent of a villa: AED 158,360 per unit
Reem is inspired by nature, and promises a refreshing lifestyle with the landscaping placing equal emphasis on greenery and sandy desert scape. The community will feature several residential communities, which will be unveiled in phases. Emaar has already launched Mira and Mira Oasis homes to strong investor demand.
Residents can take part in the neighborhood that includes an exclusive desert botanical park, with camping facilities, sand surfing, camel riding trails; go karting track and dune buggies a short ride away. In addition, residents get direct access to jogging paths and the Al Qudra cycle path spanning over 80Km.
Residents can enjoy the many communal parks and gardens as well as residents' club, restaurants and cafes, football, basketball and volleyball pitches, children’s play areas, skate-park and an amphitheatre outdoor cinema all set within the neighborhoods, developed in phases over time.
Reem is also in close proximity to the Arabian Ranches Golf Club, Dubai Polo & Equestrian Club, and Global Village.
Average rent of a villa: AED 128,724 per unit
DUBAI SILICON OASIS (DSO)
Designed as a hi-tech ecosystem in Dubai, DSO offers a wide range of benefits. It is considered to be the only technology park in the region that provides both a living and working integrated community.
DSO boasts over 1,600 luxury villas within the technology park ranging from 3 to 5 bedrooms. Dubai Silicon Oasis contains two villa developments: Cedre Villas and Semmer Villas each with its own community facilities and amenities.
Semmer Villas entails 560 luxurious 4 bedroom villas of 3,100 sq ft in a lifestyle development complete with community centre, supermarket, shops, community swimming pools, and recreational areas.
Cedre Villas is a gated community of 1047 high quality and spacious villas located within Dubai Silicon Oasis. Developed by renowned UAE developer Arabtec, there are 3, 4 and 5 bedrooms villas in four sizes Luxury (with private swimming pool), Executive, Twin and Town House ranging from a built up area of 3,830 sq ft to 7,280 sq ft. The villas also come in a range of different exterior styles; Arabic, Modern or Traditional.
Average rent of a villa: AED 148,045 per unit
FALCONCITY OF WONDERS
Falconcity of Wonders is a unique project both in terms of its components and magnitude. Occupying over 42,000,000 square feet, FCW hosts the seven wonders of the world, commercial centers, a signature theme park, family centers, sports facilities, educational institutes, in addition to more than 30,000 residential units that vary in design, location and size, to satisfy the needs and requirements of both, investors and end users.
Average rent of a villa: AED 118,187 per unit
Spanning 42 million square feet, DAMAC Hills is home to a variety of incredible properties, some the result of collaborations with the likes of world-renowned brands such as Fendi Casa and Paramount Hotels & Resorts.
Mansions, villas and apartments all have access to world-class retail, dining, entertainment and leisure spaces, along with spectacular outdoor areas in the form of the Trump International Golf Club Dubai and The Park, over four million square feet of lush greenery.
Just a 10 minute drive along the Umm Suqeim Road, this exclusive community boasts easy access to the city’s major road networks, yet it feels like a world apart.
Average rent of a villa: AED 171,371 per unit