Lila villas in Arabian Ranches sees increase in demand

Hamptons International has recorded an increase in the number of transactions for its Lila villas by Emaar Properties

Lila Villas.
Lila Villas.

Hamptons International has recorded an increase in the number of transactions for its Lila villas by Emaar Properties.

Located within Arabian Ranches as part of the community’s ongoing expansion, Lila comprises 219 Spanish-inspired, three to five bedroom villas.

According to recent market study by RICS certified surveyors at Hamptons Valuations & Research, the Arabian Ranches expansion has seen a rise in enquiries for buying or leasing, when compared to last year.

Efthymios Progiopoulos, senior manager – Valuations & Research at Hamptons International Middle East, said: “The latest trends show that Arabian Ranches Phase 2 has become very popular among Dubai residents, particularly among families, due to its proximity to the major business hubs, retail and dining entertainment centres and great lifestyle facilities.”

Prices range from $898,000 (AED3.3m) to $1.3m (AED 4.9m) for three and four bedroom villas while leasing is between $52,000 (AED190,000) to $63,000 (AED230,000) for three and four bedroom homes.

Amenities include parks with children’s play areas, squash and tennis courts, landscaped gardens, barbecue pits and a community centre with retail options.

 

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