Dubai Real Estate Investors favorite Off Plan Villas in July 2019

• Latest data from Property Monitor reveals that 321 villas were sold in secondary market and 545 in off plan, which makes off plan sales 1.7 times more than secondary market sales of villas in Dubai.

• For 969 apartments sold in secondary market, 1469 were sold off plan which makes off plan apartment sales 1.5 times of secondary market sales.

Clearly, newer developments with villa unit sale is faring a lot better especially when compared to historic data where apartments made the easiest investment choices in the past due to their convenience in size, maintenance and location.

Today, the same conveniences are brought to villa projects. Where location is a challenge due to space constraints for larger housing units, amenities are developed to ensure residents have easy access to everyday needs. The design of the projects ensure residents do not have to travel far for mundane things such as groceries, schools, healthcare facilities, sports and recreation.

With Dubai’s outstanding infrastructure, connectivity is not an issue for daily commuters who work in business areas. Roads and public transport can be accessed from most residential areas easily.

Investors look at villas not just for return on investment and rental yields. For many expats, it is also a second home to spend holidays with family and friends. Especially communities that offer beachside properties, golf villas, green views of the outdoors and modern facilities to entertain large groups of people.

With prices coming down, villas have become affordable and desirable for home buyers to bring their family to the city and live comfortably in a long run. Not surprisingly, Top off plan communities in July 2019 were Villanova, Dubai South and Arabian Ranches 3 where these communities have been performing steadily well since the time they were launched.

Some of the builders and developers have brought down the units sizes for villas and townhouses to make it more practical to live in and cater to the price sensitivity among new home buyers.

All these factors are clearly driving the sales up for the newer projects that have better design and infrastructure at an affordable price change.

In the secondary market, some of the best performing villa communities were Emirates Living (Sale price of AED 1,331 per Sq.Ft. and down by 0.99%), Mohammed Bin Rashid City (AED 968/Sq.Ft.; -0.99%) and Arabian Ranches (AED 967/Sq.Ft.; -1.26%). Looking at the high transactions in spite of their expensive prices, the numbers indicate a demand for luxury property in a convenient location at Dubai. Luxury seekers are embracing community living with landscaped gardens, lazy rivers, walkways, biking tracks and other facilities that imbibe both, country style living and modern facilities to lead a hassle free life at the privacy of their own home.

No wonder, Dubai villa buyers are on a rise, promising a new beginning for the real estate market that saw an alarming slump past few years.