Alarfeen Real Estate
DUBAI FACES A SHORTAGE OF VILLAS AND TOWNHOUSES
A fractional study of recent transactions shows that there is a large number of cash-based transactions made in the real estate industry in Dubai. So, this industry is booming well. Though, we can also realize a shortage in the supply of affordable villas or townhouses for sale in Dubai. The developers are focused and bring novel investment opportunities for possible buyers. The market will be going to see a major lack of reasonable townhouses and villas but it’s a golden opportunity for developers to create an enormous stock for buyers
Dubai Is The Safest City
Dubai is being a long-term destination for multicultural communities as residence visa plans change. In 2022, a substantial increase in demand was observed for villas. These villas are considered family houses, where people aim to live with their family members. Not every possible buyer has plans to invest in townhouses or villas, but individuals are searching for reasonable homes for their families.
Villas Are The Predominant Investment Option
The real estate industry in Dubai suggests an extensive investment range of options but investors should be smart enough to decide where to invest their money. According to an observation, 1 out of 10 launched projects is villas or townhouses. while the remaining 90% of projects are occupied by apartments. In addition, The demand for villas among investors from Europe, Russia, the Middle East, and Asia has also increased as a result of the Golden Visa.
Dubai Faces A Shortage Of Villas For Sale
Investors have always had a strong demand for both villas and townhouses. For real estate, Dubai 2002 persisted as a record-breaking year sector, with a waterfront villa worth $82.2 million.
In the coming three years, Dubai will face a shortage of townhouses and villas as most new property launches are based on residential towers. Three years from now, Dubai is going to face a shortage of townhouses and villas while there will be strong demand for them. The market of villas and townhouses in UAE suffered between 2015 to 2019. but the demand has been extremely strong in the past two years because of the change in lifestyle of people especially after the pandemic, along with the relocation of a high number of individuals in the country. Demand for townhouses and villas has been more than for apartments in the past two years.
On average, prices of Apartments in Dubai increased by 8.9% by September 2022, while prices of villas rose by 14.3%.
