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According to from Data Finder, the statistics platform of the Property Finder Group, Dubai villas and townhouses transactions hit a five-year high in the first three quarters of 2019.
In the Q 1, Q2 and Q3 of 2019 in Dubai, a total of 5,812 deals with were conducted. This is a five-year maximum for transactions of this particular type of real estate compared to the same periods of previous years starting in 2015.
The total number of private house sale transactions in the first three quarters of 2019 even exceeded the volume of transactions with villas and townhouses in 2017 and 2018 combined.
This contradicts the idea that the real estate market in Dubai is slowing down and proves that the demand for the right type of real estate in certain sectors can be high enough.
“In 2017, we saw the first wave of affordable townhouses on the market in the Reem-Mira communities, and they were in high demand. Since then, many other developers have followed the scheme, realizing that the trend and demand for affordable homes is clearly here to stay,” said Linnett Abad, director of Research and Analysis at Property Finder.
“Contrary to public opinion, in the summer months of 2019, villas and townhouses were being sold and purchased quite actively,” she said.
In terms of the best sales month, September 2019 was especially good for villas and townhouses sales in Dubai, when a total of 965 units changed hands. The third quarter of 2019 also showed impressive sales (2,310 units) of villas and townhouses in general. At the same time, ready-made real estate units were in greatest demand among villas and townhouses buyers this year.
In the first three quarters of 2019, 3,035 ready villas and townhouses were sold in Dubai, which is also a five-year high for this segment.
Ready-made, recently completed villas from developers offering very attractive incentives are causing increased interest from investors too. Bonuses can take the form of long-term post-handover payment plans, service fees free periods up for several years, club membership and other benefits for customers.
Therefore, it is also not surprising that sector in Dubai also registered 2,777 villas and townhouses sales in the first three quarters of 2019.
As for locations, the greatest demand among buyers was for such areas and residential communities as Villanova (395 sales transactions) and (314 transactions). Communities and projects such as Wasl Gate in the area (219 transactions), (101 sales) and (77 transactions) were the leaders in the ready housing sales sector, while off-plan units were most actively sold in areas such as Villanova (379 sales), Dubai South (309 transactions) and 3 (247 transactions).
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