Real estate trends show the booms and bust in a cyclical way. Some markets correct the prices over a period of time. Some markets are on a continuous decline not showing any hopes of revival.
Experts in international property investment community have been speculative about Dubai realty market for a while now. So much as to write off the city as a slumping ground for investments.
Although residential prices have been on a steady decline, the last few months in 2019 are showing hopes of a market stabilization. Big names like Emaar and Damac Properties are on a positive path by investing more to reap more. Emaar has been making headlines by showing profitability on a regular basis. Certainly, they must be doing something right that others are yet to catch on.
The villa property prices for April 2019 shows 1.19 to 1.9% decline when compared to previous month. Of that, the priciest neighborhood is Jumeirah Golf Estates showing the lowest decline. Hailed as world-class residential golf destination offering luxury homes and leisure facilities amidst two internationally-acclaimed championship golf courses, JGE has a lot to offer for those looking at independent housing in Dubai’s classiest locations.
Jumeirah Islands shows the highest rate of decline but stays close to the range of other popular locations such as Arabian Ranches, Dubai Sports City, Jumeirah Park, Motor City, Damac Hills and Jumeirah Village Triangle.
In conclusion, the success of villa sales in Dubai are not necessarily tied to price alone. A number of factors such as ease of access to popular areas of Dubai, amenities, facilities of healthcare and education, recreation and convenience of shopping – all matter to the dreamy home buyer looking for that ideal home to bring their family to.
A well-developed community in a great location is sure to attract investors and villa buyers, even at a premium price provided the real estate agent or the seller is able to convey them the benefits of living in the area convincingly.