Realtors: Major development companies are moving to offer it, which opens the “appetite” of investors

The most popular villas and medium units in the Dubai real estate market

• The real estate market in Dubai has witnessed a great positive movement since the beginning of this year.

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Realtors confirmed the existence of two categories that are most in demand in the Dubai real estate market, since the beginning of 2021, which are villas and residential units of the middle class, referring this to the Corona virus pandemic (Covid-19), for villas, and the desire of a large segment of residents to settle in the Emirates. For average housing units.

They told "Emirates Today" that the rental return on villas is excellent, and investment in them is increasing dramatically, noting that major real estate development companies are moving to launch villa and "townhouse" projects, with flexible payment systems, which opens the "appetite" of investors and end users to acquire these units.

high demand

The managing director of Harbor Real Estate Company, Muhannad Al-Wadih, said that the most important residential categories that are in high demand are: villas, townhouses, and luxury properties with beautiful views in areas such as Dubai Marina and Palm Jumeirah. .

Al-Wadiya added that the demand for medium housing units is also high.

Al-Wadiah attributed the high demand for villas to the Corona virus pandemic, and he also attributed the high demand for middle-class housing units, whose selling prices ranged between 400 and 800 thousand dirhams, to the presence of a large segment of residents wishing to settle in the UAE, which increased the demand for This category.

He stressed that the demand is very high and continuous from the final investors to buy, or from the tenants who are looking for a housing unit to settle in away from the burdens of rent.

rental yield

The real estate broker, Muhammad Al Ali, agreed that villas are witnessing an increasing demand from buyers, and he said that there are new projects for apartments and housing units, but the demand for villas is more, and the demand for them, whether renting or buying and selling, is good.

Al Ali pointed out that the rental returns on villas are excellent, and investment in them is increasing dramatically.

Continuing demand

In the same context, the real estate consultant, Muhammad Al-Hafiti, said that the demand for villas continues, despite the decline of the “Covid-19” pandemic, indicating that there is a great and sustainable awareness and understanding of the consumer, especially the final buyer, of the importance of the large areas of residential units.

Al-Hafeiti stressed that there is a focus on specific areas and projects, stressing that the real estate market in Dubai has witnessed a great positive movement since the beginning of this year.

Investors orientation

As for the real estate expert, Mohamed Abu Hareb, he said that there are still huge demands on the townhouse units, pointing to the tendency of investors, most of whom are end users, to acquire these units due to the low service fees prices.

He added that major real estate development companies are tending to offer villas and "townhouse" projects, and there are flexible payment systems in installments of up to five and six years, which opens the "appetite" of investors and end users to acquire these housing units.

Abu Hareb stressed that the demand for these housing units has not decreased, but rather there are sales when the first phase is put up, at a time when the demand is still continuing until after 2022.

He continued, "There are great requests from end users and investors, to seize these opportunities, reserve them, and sell them at a better price, due to the increasing demand for this category of housing units."

18 billion dirhams, a total of 12.26 thousand villas and apartments sold

The real estate market in Dubai witnessed the acquisition of 10 regions in the emirate of the largest billion real estate deals, of all kinds.

Together, these areas recorded more than 18 billion dirhams, the proceeds of selling 12,265 apartments and villas. The total amounts invested in these areas represent about 20% of the total transactions witnessed by the Dubai real estate market, during the past nine months, which exceeded 60 billion dirhams.

According to data from the Dubai Land Department, the order of the areas that witnessed billions of deals in the apartments and residential villas market was as follows: "Palm Jumeirah", "Burj Khalifa", "Dubai Harbor", "Business Bay", "Dubai Marina", Sobha Hartland, Jumeirah Village Circle, Jumeirah Lakes Towers, Arabian Ranches 3 and Dubai Investments First Park.

In turn, the third quarter witnessed the sale of many medium-class real estate projects, starting from 400,000 dirhams to 800,000 dirhams.

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