A Bright Outlook For Prime Dubai Real Estate In 2018
The Dubai Property Market Outlook Winter 2017 report highlights geopolitical changes across the Gulf as being drivers of investment in the Emirate’s high-end property market.
Jackie Johns, Managing Partner of Premier Estates said: “We’ve seen increasingly healthy buying activity throughout 2017, particularly in some of Dubai’s most expensive communities, such as Palm Jumeirah and Emirates Hills. We are entering the New Year confident that the high-end property market will remain buoyant in the long term.”
Continued growth in Dubai’s property market is expected to be sustainable over the long term, with both the luxury and affordable sectors seeing increased transaction activity in 2018. Dubai’s government has reiterated its commitment to building more homes for low income buyers, which will shore up what has been a weak link in the Emirate’s housing sector that has effectively slowed growth in the past.
Will Dubai Hills Become The New ‘Emirate Hills’?
The incredible Dubai Hills Estates is proving to be a strong contender in the growth stakes, with its unique blend of elegantly-planned neighborhoods surrounding a magnificent 18-hole championship golf course. This luxurious masterplan incorporates some of the best examples of luxury living in Dubai. Step into a world of ultimate opulence as you enter the mansions, set within a secluded golf course community with villas offering spacious living from 25,000sqft.
Alternatively, you could choose to purchase a prime plot of land on which you can build the home of your dreams. Located in Mohammed Bin Rashid City, Dubai Hills Estates is truly the first of its kind in terms of sustainable design and represents an exciting new way of living that is totally in-sync with its natural environment. There’s something for everyone at Dubail Hills, from exclusive mansions ,Plots of lands and luxurious apartments.
Dubai Retains Strong Appeal for Homebuyers with Families
Locations remaining consistently popular among buyers include prestige development Emirates Hills. According to Premier Estates, Emirates Hills is one of the most respected villa communities for purchase or rental in Dubai.
Also on the list of property hotspots is Palm Jumeirah, set on the man-made, tree-shaped spectacle that has become instantly recognizable as Dubai’s principle landmark. The appeal of properties on Jumeirah Palm is the luxurious and vibrant lifestyle it offers, with plenty of beach clubs, upmarket restaurants, nightclubs and designer shopping to entertain all ages and tastes.
The Future’s Looking Bright for Luxury Property in Dubai
Despite the shortage of housing at the affordable end, Cluttons reported that transaction volumes remained relatively stable throughout 2017 across all sectors of the market and were up by 4.6% in Q3 2017 over the same period in the previous year. The coming year is likely to see increasing opportunities for property investors in Dubai, particularly those looking for high-end homes.