According to a statement, Namazone viewed a copy of it, that many of the projects that are outside the plan that were proposed between 2014 and 2016 began to bear fruit, as both investors and tenants prepare Potential to reap the benefits of those projects with the availability of a variety of housing units for the purpose of selling or renting at competitive prices in all areas of Dubai.
As the first quarter of 2019 witnessed in the sales market, a continuation of the decline that occurred during the year 2018, where prices witnessed a further decline in the level of villas and apartments by 1% And 3%, respectively.
The most resilient residential areas at the apartment level were Dubai Downtown, Dubai Land, Motor City and Dubai Silicon Oasis, as these areas maintained the same rates compared to the previous quarter. . While the International City, Dubai Sports City and Business Bay witnessed the largest correction with a decrease of 7%, and the Views and Discovery Gardens maintained their competitiveness in the market with a slight decrease of only 1% compared to the fourth quarter of 2018.
As for the villas, the Lakes region settled on the same performance without any change from the previous quarter, unlike the Meadows and The Springs regions, which witnessed the largest decrease by 4%. Jumeirah Park also recorded a slight decrease of 1% in the first quarter of 2019, while prices in both Palm Jumeirah and Arabian Ranches fell by 2% during the same period.
In the same vein, many developers offer a range of innovative solutions that allow the tenant or landlord to live and work in the same place. In Dubai Hills, Emaar Collective Tower and Socio Tower work to spread this trend by creating a model environment that provides a wide and comprehensive space to work and live together and specifically targets the millennial generation. Nashama also launched the UNE project in Town Square, which allowed residents to live and work in the same building.
It is worth noting that, according to Dubai Land and Property Department’s disclosure of foreign direct investment plans, the value of transactions outside the plan increased by 35% from 5.82 billion dirhams in the last quarter. From 2018 to 7.85 billion dirhams in the first quarter of 2019, which could have a significant impact on the value and volume of transactions. It aims to attract Chinese investors with the aim of attracting more than one billion dirhams of investment.
