Dubai's real estate market has always been known for its luxury properties, and the villa plots market is no different. However, a recent 90-day secondary market analysis of villa plots in Dubai has revealed some interesting insights, showing that the affordable range is still the most popular among buyers.
According to the analysis, a total of 60 transactions were recorded, with a total worth of AED 319.6 million. Surprisingly, there were no transactions in the ultra-luxury or elite price ranges of 50M+ and 20M-50M, respectively, while the affordable range of 500K-5M saw the majority of transactions, with a total of 40 transactions worth AED 144.6 million.
The premium range of 10-20M had 13 transactions worth AED 175 million, with Jumeirah Golf Estates being the most popular location, recording 11 transactions worth AED 153.9 million. Umm Al Sheif and Al Mankhool had one transaction each, worth AED 11.1 million and AED 10 million, respectively.
Looking at the top locations for villa plots in Dubai based on sales value, Jumeirah Golf Estates topped the list with 13 transactions worth AED 170 million, followed by Mirdif with 31 transactions worth AED 123 million. Al Barsha Second, Umm Al Sheif, Al Badaa, and Al Mankhool also had transactions in this range. In terms of the number of transactions, Mirdif was the most popular location with 31 transactions, followed by Jumeirah Golf Estates with 13 transactions.
Finally, analyzing the top projects for villa plots in Dubai based on sales value, Zafran Town Homes had the most valuable transactions, with 13 deals worth AED 170 million.
In conclusion, the 90-day secondary market analysis of villa plots in Dubai shows that while the market still offers plenty of opportunities, buyers seem to be focusing more on affordable properties in popular locations. Mirdif and Jumeirah Golf Estates are still the most preferred areas for villa plots, while Zafran Town Homes is the top project based on the number of transactions. These insights can help investors and buyers make informed decisions in the Dubai villa plots market.
Famed for its opulence, robust economy, and attractive investment environment, Dubai continues to entice buyers and investors from across the globe. The city's towering skyline and world-class amenities make it an ideal location for those seeking a lavish lifestyle. Simultaneously, the demand for budget-friendly properties makes it a viable option for a broad range of buyers.
For new investors seeking precise and comprehensive information about the Dubai real estate market, Broker Terminal offers the perfect solution. The platform covers over 6,000 projects in all freehold locations and 360 developers, including details on each developer's projects. Broker Terminal also displays the top-performing developers in both primary and secondary markets, in addition to connecting clients with location and area specialists for a more personalized experience. With Broker Terminal, readers can rest assured that they have all the necessary data and insights about the Dubai real estate market to make informed decisions.
As Dubai's property market continues to mature, it presents exciting prospects for both investors and buyers alike. Whether you seek a high-end property in a prime location or a budget-friendly apartment in a bustling neighborhood, Dubai's real estate market has something for everyone. The high demand for both affordable and luxury properties underscores the market's growth and stability, cementing its position as a reliable and lucrative investment destination.
checkout the primary market trend in the villas market:
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