We are talking about townhouses and villas, the demand for which is growing rapidly. The pandemic has had a significant impact on the taste preferences of potential buyers and now an increasing number of people seek to live in detached housing with sufficient free space and at least a small house territory.
The increase in demand for housing is also contributing to the increase in the population of Dubai. According to statistics, by April 2022, the number of people living in the emirate reached 3.5 million. Most of them are newcomers in need of housing.
Focusing on the taste preferences of consumers, developers began to actively explore this segment of the market. In May 2022, developers began implementing more than 10,000 projects for the construction of villas and townhouses, the completion of which is planned by the end of 2024 – early 2025. This step should help meet the growing demand for homes and reduce the steadily observed price growth. It is assumed that an increase in the number of offers will help keep the average prices for villas within $ 1.4 million.
Most of the initiated projects are implemented in closed communities. These are elite villages, including Arabian Ranches and Dubai Hills.
