Demand Shifts to Suburbs Amid Rising Prices
- Author
- Alessandro de Rubertis
- Published
- Wed 04 Dec 2024
- Episode Link
- None
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📆 https://alessandroderubertis.com/book-consultation/
📞 +971553523125
Dubai's prime property locations, including Downtown, Palm Jumeirah, Marina, and Dubai Hills Estate, have witnessed single to double-digit quarterly price growth since the pandemic, driven by demand from millionaires and international investors. Villas saw a 23% year-on-year price increase, while apartments rose by 19% in Q3 2024, according to Industry experts.
As record-high prices make central districts unaffordable, buyers are turning to suburban communities like Discovery Gardens, Jumeirah Lakes Towers, and Dubailand. These areas offer value-driven investment opportunities, attracting budget-conscious buyers and investors seeking alternatives.
Developers are introducing aggressive payment plans, such as 80/20 or 75/25 structures, to cater to the rising demand for off-plan properties. While this boosts off-plan sales, it challenges lower-income families looking for larger homes. High demand has led to properties in desirable locations selling out within days or hours, fueled by competitive pricing, brand reputation, and attractive offerings.
Want to know more? Book your complimentary call:
📆 https://alessandroderubertis.com/book-consultation/
📞 +971553523125
