Welcome to this week's Real Estate Rundown. We’re spotlighting new projects like One Park Central in Jumeirah Village Circle, Golf Point at Emaar South, and Elwood Villas in Dubailand. Plus, we cover the latest market trends, including a surge in off-plan sales and rising property transactions, highlighting the growing investor confidence in Dubai's real estate market.
New Launches:
One Park Central
Location: Jumeirah Village Circle
One Park Central is an upcoming residential and commercial project in Jumeirah Village Circle (JVC), developed by Iman Developers, known for their successful projects like Oxford Terraces and The Grove. This 23-story development offers a diverse range of living spaces, including studios, 1- and 2-bedroom apartments, 2-bedroom duplexes, and luxurious 3- and 4-bedroom penthouses. Situated in a family-friendly community, One Park Central also features commercial and retail units, providing a vibrant living experience with convenience at its doorstep.
Golf Point
Location: Emaar South
Golf Point at Emaar South offers a serene midrise community in Dubai with stunning views of the Emaar South Golf Course. This exclusive development features 1 to 3-bedroom apartments designed for both cozy retreats and family living. The contemporary architecture, with earthy tones, blends seamlessly with the natural surroundings, providing a sophisticated yet tranquil atmosphere. Inside, open-plan layouts, neutral tones, and luxurious finishes create a comfortable living space. Residents can enjoy top-notch amenities, including pools, sports courts, and open lawns, while eco-friendly designs ensure sustainable living in a prime location near the 9th hole of an 18-hole championship course.
Elwood
Location: Dubailand
Elwood Villas, developed by Sobha Realty, is an exclusive villa community in Dubailand, offering opulent 4, 5, and 6-bedroom villas. The project is designed with a forest theme, creating a lush, green environment that fosters tranquility and well-being. Spanning over 10 million square feet, the community features expansive open spaces, jogging trails, and parks, with 416,000 square meters dedicated to greenery. Residents can enjoy exhilarating water activities, including a lap pool and various water sports. Ideally located with easy access to major highways and key areas of Dubai, Sobha Elwood provides a serene yet connected living experience.
Market Trends of Dubai This Past Week:
Dubai real estate: 25,000 new homes expected by end of year amid ongoing off-plan surge: Dubai's real estate market is set to see the completion of 25,000 new homes by the end of the year, driven by a strong surge in off-plan sales. This influx of new properties highlights the ongoing demand for housing in the city, as investors and homebuyers continue to show confidence in Dubai's growing real estate sector. The increase in supply is expected to provide a diverse range of options for buyers, further fueling the market's momentum.
Dubai real estate: Off-plan property market surges to 60% of total transactions in July 2024: in July 2024, Dubai's off-plan property market saw a significant surge, accounting for 60% of total real estate transactions. This trend reflects growing investor confidence in the city's future developments, driven by attractive payment plans and the promise of high returns. The surge in off-plan sales indicates a shift in buyer preferences, with many opting to invest in properties under construction rather than completed units, capitalizing on Dubai's robust economic outlook and the continuous introduction of innovative projects.
Emaar Development sees 56% rise in property sales in first half of 2024: Emaar Development reported a remarkable 56% increase in property sales during the first half of 2024. This surge reflects the continued demand for Emaar's projects, driven by Dubai's strong real estate market and investor confidence. The company's successful launch of new developments and strategic sales initiatives have significantly contributed to this growth, solidifying Emaar Development's position as a leading player in the region's property market.
