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DUBAI EXPO 2020 FUELLING THE PROPERTY BOOM

The 182 day luxurious extravaganza has only just began yet it's already driving up residency demand throughout the UAE ..

The event may be a year late pushed back because of the Covid pandemic but Dubai’s Expo 2020 touted by the organisers as “The World’s Greatest Show”, kicked off on today and those within the property sector are aleardy reaping the rewards.


Since 2014 Dubai’s property market had been on a downward spiral, an oversupply of housing units built during the boom years, unfordable housing process and fall in oil prices were all to blame yet so far this year Dubai’s off-plan realty market has bounced back to 2013 levels and is gaining momentum.


In August 2021, Dubai’s offplan market saw 2,599 sales transactions worth Dh4.95 billion, the highest value recorded in a month for off-plan properties since December 2013. The number of off-plan transactions is also at its highest since November 2019.

Dubai is one of the most powerful financial centres in the world; low interest and mortgage rates, an effective Covid-19 vaccination drive, and new visa rules for investors offer a favourable scenario for anyone keen to live, work, or trade in Dubai because of this developers are now starting to launch new villa/townhouse communities mostly in the suburban parts of Dubai such as Dubai land and Dubai South and they are selling out quickly. Most sought-after areas for off-plan villa/townhouses transactions were Arabian Ranches-3, followed by Villanova, Tilal al Ghaf, Dubai South and Mohammed bin Rashid City. For off-plan apartment sales transactions, Dubai Harbour had the most sales followed by Mohammed bin Rashid City, Business Bay, Jumeirah Village Circle and Jumeirah Lakes Towers.


With this is mind we take a look at the four most attractive neighbours to consider if you want to buy in Dubai.


Arabian Ranches-3


Arabian Ranches 3 is a new villa and townhouse community from Emaar Properties, currently under construction.


The well-established community dubbed “Dubai’s First Urban Village” will provide 3 and

4 bedroom townhouses with a wide selection of amenities and outdoor facilities, from monumentalnew clubhouse, dining venues to lazy river to an incredible splash deck and sports activities. The townhouses offer two design options, homebuyers can choose from - contemporary home that takes inspiration from the desert or a modern

abode with a unique collage of whites and greys. Arabian Ranches 3 is just few steps away from Arabian Ranches 1 and 2. Destination and location is not a problem for residents as it is 5 minutes from Global Village, 10 minutes from Dubai Polo and Equestrian Club, 20 minutes from Downtown Dubai and Dubai International Airport, and 35 minutes from The Dubai Mall, Dubai Marina, and Al Maktoum International Airport.


Prices start from 1.2 Million AED


Dubai Land - Nara

Nara is a beautiful townhouse community located in The Valley at the Dubai land district, it features a selection of three and four-bedroom townhouses that have a contemporary design and give you a range of options for the interiors. The overall aesthetic is very warm and filled with light, but specific finishes can be altered based on your preference so that each home bears a unique footprint.

The Valley, one of the newest master communities in Dubai land, is designed to create a sense of peace and harmony that soothes the spirit. It will, for many residents in the city, be their ideal address and is a place that they will truly come to know as home. The Valley is strategically located on Dubai-Al Ain Road, a major thoroughfare connecting two of the UAE’s most iconic Emirates.


Anticipated Completion date is set for December 2024.

Prices start form 1.34 Million AEDLan


Tilal Al Ghaf

Tilal Al Ghaf Residences feature a unique blend of a modern and nature-inspired neighbourhood situated in the heart of Tilal Al Ghaf, Dubai presented around a lagoon. The upcoming community boasts sustainable initiatives through its development offering luxury villas, beach homes, and a stunning green environment.


Tilal Al Ghaf is a mixed-use development that will feature private residences, retail, and recreation centres as well as numerous exciting lifestyle offerings. To stay true to its initiatives, the location will also feature electric vehicles, bikes, as well as the use of solar-powered technology in order to create an environment-friendly community. Aside from its modern design residences, the community will highlight an exceptional outdoor setup positioned in an ideal location perfect for all types of residents. This project will focus on providing its residents with a relaxing ambience and nature-driven neighbourhood featuring areas with water metering, recycling, and smart street lighting.

The community will also be the home to spectacular family-friendly amenities including the Hive Park, an outdoor space with a lush green landscape ideal for family get-together and relaxation. Residents can also access the Hive Beach, a crystal clear lagoon lined with white sand suitable for any beach-related activities. There are also dedicated facilities for walking and cycling as well as an outdoor gym. Furthermore, the community will be divided into four stunning neighbourhoods with each has distinct characteristics yet all will provide the ultimate living experience for its residents.

Prices start from 1.2 Millions AED


Dubai Hills

First handovers have begun, but there are multiple phases still to complete. One of the newest communities, Dubai Hills is an updated take on Emirates Hills, a quiet, family-friendly development of planned neighborhoods around an 18- hole championship golf course. The multi-purpose development by Emaar is 2,700 acres and will form an integral part of the Mohammed Bin Rashid City, featuring three new schools, a 282,000-square-meter mall, 1.45 million square meters of parks and open spaces, and a 54- kilometer bike route, designed around family living.

Properties for sale include apartments and villas, as well as plots to build your own dream home; buyers are mixed but predominantly international families. Expect to pay from AED1.5 million for two- to- three-bedroom villas, and upward of AED21 million for mansions with six bedrooms or more.


Dubai Expo will run from 1st October 2021 – 31st March 2022. For more information visit:www.expo2020dubai.com


 

Article provided courtesy of Perfect Homes Magazine autumn edition 2021


Coming Soon..


Dybai Hills – Naraai Land – Nara

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