Dubai’s real estate market has witnessed remarkable transformations over the past three years. Villas and townhouses in some areas of the city have surged by more than 200%. According to experts, this growth is driven by sustained demand, the arrival of new families, limited supply, and the presence of wealthy investors. These factors have turned villa purchases in Dubai into one of the hottest topics in the regional property market.
Based on data released by the real estate firm Allsopp & Allsopp:
The increase, which grew more pronounced following the COVID-19 pandemic, is indicative of a distinct shift in buyer preferences toward larger and more private living spaces, according to Lewis Allsopp, CEO of Allsopp & Allsopp. He underlined:
“With a focus on space, privacy, and access to top-tier amenities and schools, family buyers are increasingly favouring suburban communities. This demand shift is putting upward pressure on prices, particularly in established and well-connected residential areas,”
The market for villas and townhouses is anticipated to continue to grow due to factors like population growth, the influx of new expatriates and families’ desire to own homes as soon as possible after moving. Dubai is still one of the most alluring places in the world to invest in real estate because of this trend.
The prices of townhouses in Dubai have more than doubled in the last three years, which indicates a significant shift in the city’s real estate market. The primary forces behind this growth are currently families and millionaires and it seems likely that this trend will continue in the years to come.
Source: https://www.khaleejtimes.com
