Property Finder: Dubailand, Town Square villas cheaper in H1 2019
New report reveals villa prices in select Dubai localities declined by 12.1% and 4.3% compared to H1'17 and H1'18 respectively
Data from Property Finder’s Trends report shows that off-plan villa offerings in Dubai neighbourhoods such as Dubailand, Dubai South, and Town Square boosted sales by 35% during the first half of 2019.
According to Property Finder’s report, villas in H1 2019 were 12.1% cheaper compared to 2017, and 4.3% more affordable than during H1 2018, dropping to an median price of $232 (AED855) per ft2.
Commenting on the results, Property Finder’s director of data and research, Lynnette Abad, said: “As new affordable villa communities are getting completed and handed over, we have seen a migration to these communities from popular areas such as Dubai Marina.
“Families are choosing to live a little further out in the suburban areas of Dubai in order to gain access to a larger property with outside space. We have also seen a large influx of renters converting to home buyers, especially in these new villa communities.”