VILLA,S IN DUBAI…ARE THE LATEST PROPERTY TREND …
Dubai’s villa property market is forecast to be one of the strongest performers in the world this year, according to Knight Frank.
The global real estate consultancy named the emirate alongside Moscow and Miami as the prime property markets likely to shine brightest next year.
It said villa prices in Dubai were set to be pushed higher the limited supply of luxury homes, especially on Palm Jumeirah and Emirates Hills that’s why the prices in the luxury villa market to rise by between 5-10 percent in 2013,” Knight Frank said in a new report
Established villa communities such as Palm Jumeirah, Meadows and Emirates Hills will remain attractive locations for buyers over the secondary villa markets, while on the apartment side Downtown Dubai will continue to dominate.. Apartment’s prices in key, prime locations, such as Downtown Dubai will see the highest increases throughout the coming year,” Richard Paul, Associate Director, Cluttons Dubai.
“The price of properties, particularly villas has grown significantly over the past 18 months. The best performing areas have been the Villa project and Arabian Ranches where price appreciation has reached around 25 per cent over the past year. To suggest that this rate of growth will continue is unrealistic, but it does not mean that a more sustainable growth rate of around seven per cent cannot be achieved.”
“Generally any development that provides quality specifications, design and most importantly excellent location will see growth through the next 12 months.”so hurry up buy the most luxurious apartment or villa now at a lower price and get ready to sell it next year at a double price because the property market is rising again .although the overall market is in a very good position but again buying a villa is highly recommended because villa is the latest property trend in dubai .