Blog Description

In the UAE , demand for villas and townhouses is increasing with every passing day. Residents are seeking for larger homes as the country's property market is recovering from the pandemic. There was a rebound of 23% annual increase in sale prices while the rental yield increased 10%. There was a jump of 52% in villa sales prices in Jumeirah Park, Dubai. And there was an increase of 39% in Dubai Hills Estate. Prices in springs also gained 46%.

Rental yields of villas also increased in Meadows, Mirdif, and Dubai Sports City. There was an increase of 24% a year every year. The property market of UAE softened because of the oil price slump. As the world is showing signs of recovery people are upgrading to larger homes and are looking for outdoor amenities amid working and learning remotely.

Resident permits for retirees and the expansion of the 10-year golden visa program have improved the sentiment of customers investing in real estate. Sales values of townhouses and villas are appreciated in several areas.

Increasing Demand for Villas and Townhouses

The real estate market is witnessing an upward trend in the luxury segment. Global trends are changing working situations across the globe. People are showing interest in villas and townhouses. Occupiers are interested in properties that have more open spaces, green areas, and more additional facilities considering current working situations. Certain communities like Palm Jumeirah and Mohammed Bin Rashid City and other high-end luxury communities are showing a rise in sales of about 20% to 30%.

Experts are predicting that demand for villas will continue to see this rise in coming times as people are more inclined towards investing more in living spaces as the majority of everyone's time is being spent indoors. The transition of tenants into purchasing homes has become more popular due to continuous affordability offered by developers, easy finance schemes, and a decrease in interest rates.

The increase in sales of villas and townhouses has increased to such an extent that properties get sold out within minutes of their launch. There is a large supply of such properties yet buyers are flocking upon to purchase. Sale prices of villas and townhouses have considerably increased from 1.8 million AED market to 2.2 million AED during pre-pandemic times. Change in lifestyle and people's way of seeing their homes has made it sustainable to buy properties.

People prefer to stay indoors and love to get everything delivered to their doorstep. Everyone prefers to enjoy the outdoors within the coziness of their homes. The change of mindset is embedded in everyone's mind and that is why there is a rapid increase in sales of villas and townhouses. Dubai Expo, the opening of borders, and the introduction of green visas played a major role in boosting sales of properties. Villa sales have also attracted strong investors as their interest might get missed by the thought of missing out. Signature Habitat can help and assist in providing and helping potential buyers to invest in worthy properties. To get more information , contact us now.