Record sales of villas and townhouses in Dubai in the first quarter

A recent report by Property Finder revealed that the Covid-19 crisis has created new trends in the real estate sector not only in Dubai, but also around the world, which led to a clear increase in the rate of demand for villas / townhouses, which made it one of the The most important trends recorded by real estate sales transactions.

The report, a copy of which was obtained by Emirates Today, indicated that the first quarter of 2021 recorded the highest number of real estate sales transactions in the sector throughout its history, as it witnessed record and unprecedented monthly sales in ready-made properties, led by the villas and townhouses sector after its acquisition. On a third of residential real estate sales in the secondary market during the first quarter of this year.

On her part, Director of Research and Data at Property Finder, Lynette Abbad, said, “In Property Finder we have witnessed a remarkable increase in the levels of demand for data and trends related to the villas and townhouses sector during the past year. We do not expect these trends to fade anytime soon, especially after maintaining their momentum during this year, as real estate developers follow popular trends and add new stages to build villas and townhouses within the already existing projects, which are sold after a few hours of Put it on the market. "

According to Data Finder, the real estate data and insights platform of the Property Finder Group, overall sales in the secondary market increased by 72% compared to the first quarter of last year. The sales of ready-made apartments increased by 40%, while sales of villas / townhouses increased by 231.5%, with 2,231 sales in the first quarter of 2021 compared to 673 transactions during the same period last year.

While the more popular residential complexes achieved a noticeable increase in sales numbers during the first quarter of this year compared to the same period in 2020. Dubai Hills Estate, Arabian Ranches, The Springs and Nad Al Sheba accounted for 30% of total sales of villas and townhouses in the secondary market during the first quarter From 2021.

Nad Al Sheba is a complex of ready-made villas and townhouses that has witnessed a remarkable boom in the recent period, as it includes the largest number of ready-made homes sold in the first quarter of 2021. Although it did not record any sale during the first quarter of 2020, it witnessed sales 248 units in the first quarter of this year, in conjunction with the handover of its real estate units over the past year. Most of the major malls witnessed an increase in sales of more than 100%, most notably Town Square by 800%, Green Community by 592%, Square by 411%, and Palm Jumeirah by 364%.

According to private research data by Property Finder, Dubai Hills Estate represented 9% of all searches for villas and townhouses during the first quarter of 2021, followed by Arabian Ranches (8%), Palm Jumeirah (7.1%) and Mohammed Bin Rashid City (4.5%). %) And Damac Hills (4.4%).

Three-bedroom units also make up 15.3% of all searches, compared to 13.4% for four-bedroom units and 11.3% for more than four-bedroom units.

The most important keywords in the search engines for this period include swimming pool, upgrade, furnished, payment plan, and housing unit overlooking a corner.

Follow our latest local and sports news, and the latest political and economic developments via Google news