Villas in Dubai - Prices appreciate by 175% in last 4 years
Villas in Dubai - Prices appreciate by 175% in last 4 years
Dubai's villas are more inclined towards the typical luxurious, upper-class country homes than its modern parlance of a detached suburban dwelling. Dubai's villas are enchanting and exquisite in nature and offer you with a wide choice of scenic beauty. You could be in your villa overlooking the shores of Arabian Sea or for a desert lover, spend time with your family in your villa in a typical Ranch setting or with a villa overlooking the meadows. Luxury villas are endowed with landscaped gardens, vast expanses of open spaces and infinity pools. They are also equipped with several other facilities and have become highly popular living concepts in Dubai. Apart from the stylized living, they represent the best assets and offer smart investment options in Dubai real estate market.
Why invest in villas
The villas in Dubai have shown a steady demand with consistent capital appreciation in recent years.
The key drivers for steep appreciation for prices of villas in Dubai are:
- Community living offers privacy
and tranquility
Community living in villas is fast emerging as the most sought after style of living. Community living offers many amenities such as schools, community centers, neighborhood parks, health clubs, mosques, retail outlets and dining options within easy reach. The self-sustained villa communities are set amidst picturesque location offering choicest architectural designs and landscaping as per the themes of the villas. Villas are smaller versions of town and provide a sense of safety by securitizing entries into these communities. With vast expanses of open spaces and lavishly landscaped greenery around, there is ample serenity and tranquility that can be often lacking in apartments. Each villa is located at a fair distance from one another providing sufficient privacy.
- Demand for villas
Villas offer equivalent intangible benefits to the investor. Villas are viewed as serene and a home away from the hustle and bustle of the city. The wide choice of surroundings, amenities and location of villas, make it the first choice for the upper-class residents and shrewd investors. Over the medium term, returns on investment in villas prove to be far more attractive. Currently, the numbers of villas under various stages of construction is 85,000, i.e., more than the earlier projected 65,000 villas. Out of these, only half have been delivered creating a massive demand.
- Villas prices outgrow apartments
The construction of towers in Dubai has far outnumbered that of villas. Thus, at the moment there is extreme shortage in supply of villas. There is a huge demand for off-plan villas. This demand in primary market is really strong along with phenomenal business in the secondary re-sale market. One of the major advantages of buying a villa over the apartment is that apart from owning the building, the buyer is also the owner of the land. It makes the buyer the owner of the entire property rather than just one unit. Moreover, it is beneficial when you want to modify the structure to suit your tastes and refinement which is not the case with apartments
