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Apartments For Less Than Dh2 Million That Also Have Private Pools Could Attract Buyers.
Question: What will buyers of real estate in Dubai seek next?
Farmhouses? Or residences on islands other than the Palm Jumeirah or Jumeira Bay? Houses that perfectly encapsulate “healthy living” Want a house next to a “beach” or “lagoon”. Alternatively, affordable private pool apartments under Dh2 million? Or should you hold off until you know more about the redesigned “Dubai Islands” master development?
In Dubai, builders accommodate every conceivable buyer preference and then some. Developers are planning some outstanding off-plan developments for the 2023 class of property owners. Whether for investors or end-users.
Head out to The Valley on the Dubai-Al Ain Road (close to Sevens Stadium) if farmhouses are what the buyer is interested in. As one of Emaar’s newest developments is beginning to take shape. Villas with four and five bedrooms are priced at Dh5 million and up.
According to a source at a major developer, “2023 sees Dubai’s off-plan market start on a clean slate. New projects are being introduced with fresh USPs (Unique Selling Points) and aimed at a new generation of customers.” “Buyers from abroad and locals.
“When Damac unveiled Lagoons last year, the project’s primary goal was to be built around water features, it nailed the mark. With the addition of two more “islands,” Tilal Al Ghaf (of Majid Al Futtaim Communities) ramped it up and focused on the ultra-wealthy. Demand in Dubai is for something new to invest in, thus this is what they are searching for. After the epidemic, customer preferences are also changing. The houses at Tilal Al Ghaf that have been released so far have price tags of more than Dh18 million.
Within The “Waterfront”
Buyers continue to choose beachfront residences, and according to a real estate professional. “If they cannot acquire it by sea, Dubai nowadays offers more in-land waterfront choices.” “Due to the vast range of pricing possibilities starting at Dh1.5 million. This has been the item that has been selling well over the past few months—and increasing to a great deal more.
Palm Is Prepared For Increased Activity
Every time there is a listing of existing properties in Palm. There is a consistent demand for them (even if most sales occur through private networks). There are still more joining them, with Alpago continuing with its ultra-luxury villa cluster and the one-apartment-to-a-floor “Palm Flower” and Omniyat Properties running two projects concurrently, Orla and AVA.
Off-Plan For A Year
Developers will be busy starting new off-plan developments and sales in the upcoming weeks if demand levels remain the same. A real estate specialist predicted that demand patterns in January and February would determine developer plans. “Aside from demand, they must also examine their own operations. Including their cash flow, the state of the overall economy, currency changes, the cost of construction materials, etc. Everyone is constructing defenses in case a worldwide recession occurs.
Most Famous Positions
The established favorites Downtown Dubai, Dubai Marina, Business Bay, and Palm Jumeirah continue to have the biggest number of postings, according to Property Finder. The listings portal, which Cavendish Maxwell recently bought, stated in a recent statement that “although the volume of postings in Zabeel, Mina Rashid, Wasl Gate & Dubai Healthcare City 2 surged 10 times (between January and November 2022).” And postings for villas and townhouses in Dubai Investments Park and Golf City substantially increased by over 14 times. (The Golf City townhomes cost about 3.5 million dirhams.)
According to Scott Bond, Country Manager at Property Finder, “2022 saw changes in consumer behavior. The market experienced a record-breaking performance due to high demand, recent events and efforts like the FIFA World Cup, the Golden Visa, and bigger attempts to convert to a digitally driven economy.” As seen by our portal’s search trends, the off-plan market is therefore attracting more attention.
