Dubai has always remained a realty hotbed amongst most of the hi-end homebuyers who want to invest here. Reason being, a sound infrastructure, well-developed connectivity, and timely delivery of projects that attract home buyers to come and buy property here. This has led to the launch of several projects in Dubai.
However, experts suggest that homebuyers here are more interested to invest in Ready to move or nearing to complete residential projects. A latest report has also revealed that between January and November 2018, Dubai has seen sale of Dh20.6 billion ready to move homes. These good results are due to the fact that real estate developers here are offering many attractive incentives on such housing projects as compared to other segments.
Among all the localities, Dubai Marina has emerged as the most favourable investment destination in the ready to move in segment. Here, 1, 461 units were sold from January to November. The second hot favourite destination is International City wherein the developers have sold 939 units in last 11 months. Other localities which are preferred by home buyers in the above category include Akoya-Damac Hills, Sports City, DSO (Dubai Silicon Oasis), MBR City, Meydan City, Culture Village, Al Furjan and Barsha Heights. The overall sales number will more increase in such communities in near future, says expert.
In the ready to move villa segment, Spring and Meadows become a favorable investment destination with almost 353 units sold off. Apart from it, Al Furjan, Arabian Ranches, and Jumeirah Park also reported as popular localities in the same segment. Moreover, under the off-plan housing category, Business Bay acquires the top slot with 2, 260 units sold in last 11 months. On the other hand, Jumeirah Village Circle has seen a sale of 1, 425 units in the same segment.