free hit counters
Get a free hit counter here.

Tuesday, March 10, 2009

Selling a villa in Dubai


Villa at Emirates Hills

It is important for anyone that is selling a villa in Dubai to understand just how much of a shortage of villas there actually is. While it would be an exaggeration to say that sellers hold all the cards in a property deal, it is not an exaggeration to say that a number of popular villa developments have seen potential buyers literally knocking on their doors and asking if their home is for sale. Developments such as Emirates Hills have always been a big draw for Dubai property investors, thanks to the luxury finishing’s and the height of exclusivity that certainly appeals to anyone who can afford a mansion. Other smaller villa developments are also gaining in popularity, as the majority of residents that want to own a home here don’t have millions to spend.

Luxury Dubai freehold villas

There are obviously more villas aimed at the wealthy than the middle class, which is a shame considering the number of families with children that do not really have much choice on the market. The general market for villas is a lot less diverse in comparison with the market for apartments, but this could be changing with some more properties being released, although these are luxury. With Al Kaheel, The Villa and Victory Heights on the way at Dubailand, property owners of completed developments such as The Meadows, The Springs and primarily Emirates Hills would do well to sell before more and more villa developments are available, now that the villa shortage is being addressed. As there is a focus in luxury villas, there will be more on the market and sellers will have more price competition.

Affordable Dubai freehold villas

This is a difficult thing to say, especially since villas are more expensive than apartments, and apartments on the whole are hardly cheap. However, the lower end of the Dubai freehold villa market shows that demand is higher for this type of villa, and there are shortages of villas that the average Dubai resident can afford. The main projects that seem more affordable to the average buyers are The Springs and more recently Uptown Mirdiff and Jumeirah Village. With a variety of town homes and small family villas available, these are a better option for buyers that want a home but don’t want to be paying a mortgage indefinitely. Sellers that are trying to unload a property that falls into the lower price bracket have the best position of all Dubai property sellers, simply because they have something that almost every property buyer wants. The reality is that not every property investor is a millionaire, and since most just want a permanent home; they will face tough competition from other buyers, meaning sellers can get the best price if they have a villa that is really in demand.

No comments:

Post a Comment

free counters