Everyone seeks something while purchasing real estate in Dubai. But there are some areas of the city that may satisfy even the most demanding investors. Apartments for sale in Dubai Hills Estate can become a great option both as a personal residence and as a renting out property.
Sales in February 2023
According to official data, the Dubai property market continues to show further growth in early 2023, thanks to high consumer demand among foreign investors and end buyers. It is reported that in February 2023, the number of concluded sales transactions increased by 43% and amounted to 9,020 compared to 6,310 in February 2022.
Meanwhile, total sales were over AED26.7 billion or $7.27 billion, up 65% from February 2022. At the same time, in January 2023, 9,800 transactions were concluded. It is noted that in February 2023, over 4,500 transactions for the sale of real estate in new buildings were registered, which is 77.8% more than in February 2022.
In addition, in the property market in February 2023, the total amount of sales of finished properties increased by 32% and amounted to over AED 15.6 billion or $4.25 billion compared to AED 11.8 billion or $3.21 billion in February 2022, which was the highest in terms of sales and value in the last 10 years.
It is worth noting that the greatest demand for apartments among buyers and investors was in such areas as:
- Dubai Marina,
- Business Bay,
- Palm Jumeirah
- and Jumeirah Village Circle.
At the same time, rental of villas and townhouses was most in demand in the areas of:
- Dubai Hills Estate,
- Palm Jumeirah,
- Arabian Ranches
- and Mohammed Bin Rashid City.
Experts predict that the property market will show strong performance in 2023, regardless of the problems due to global inflation, as the economic conditions of the Middle East region are stable and resilient. Therefore, the emirate’s real estate market continues to be an attractive investment platform for wealthy people and foreign investors.
Dubai Hills Estate area
It is a new family area 10 minutes from the centre of the city, with a developed infrastructure and convenient transport routes.
The area is divided into three zones:
- the central part with 397 villas;
- the northern part, where mid-rise residential complexes and the necessary infrastructure are located;
- and premium-class villas and townhouses are being built in the third zone.
Thus, Dubai Hills Estate is open to everyone: for a comfortable life with family, for recreation with friends and relatives, for business development and implementation of investment projects.
The district features landscaped parks, gardens, a 54 km equipped bike trail and a huge world-class golf course overlooking the Burj Khalifa. Also under construction is a tennis academy with outdoor and indoor courts.
One of the main advantages of the area is an accessible and convenient transport interchange. The district is located along key highways. Moreover, it is planned to open two metro lines near the district, which will allow getting to any point of the city. At the moment, there is a bus stop near the district. In the near future, developers plan to launch their own buses.
You can reach in 15-20 minutes such attractions as: Studio City, Internet City, Investment Park, Palm Jumeirah, Marina. Dubai International Airport (DXB) is 20 minutes away by car and Al Maktoum International Airport is 40 minutes away.
The district has already gained popularity among young families with children. This is primarily due to the presence of green areas with parks and playgrounds, there are also schools and kindergartens. An important role in choosing property in the emirate is the proximity of the area to the city centre. In this regard, the district is one of the most competitive.
Property in Dubai Hills Estate
Real estate in the district is diverse. There are commercial centres, hotels, townhouses, residential complexes of medium and low rise, as well as residential lots in an area equal to 200 football fields. Investment attractiveness is increased by the presence of a professional golf course Golf Club and 97 units of luxury villas located around the course. All these advantages increase the sales trend in the area every year.
In Dubai Hills Estate you can find different options for apartments: 1-2 bedroom apartments for future rental or premium villas for family living. The area is still under construction, so buyers still have the opportunity to choose properties in the emirate at the development stage. This will allow you to invest in property on the most favourable terms.
To date, Dubai Hills Estate is in the TOP-5 areas with a large number of property transactions in the segment of villas and townhouses. Complexes located near Golf Place are especially popular among investors.
Real estate in Dubai
Emirates.Estate website has a huge database where you can find propert in any area of the city. Go to the website, choose your housing preferences, define your budget and start your search today.