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

Emaar Properties's Expo Golf Villas located in Dubai South [representational]
Emaar
Emaar Properties's Expo Golf Villas located in Dubai South [representational]

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.”

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020