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According to a new research, up to 50% sales growth on a quarterly basis from October to December is expected in the villa segment.
During the fourth quarter of 2021 Dubai's real estate sector is expected to grow driven strongly by villa sales. And as new research data show, consumer and investor sentiments continue to rise against a backdrop of the Expo 2020 event start.
Experts expect that the demand for villas will surge in the areas located closer to the six-month long exhibition site. Up to 50% sales growth on a quarterly basis from October to December is expected in the villa segment.
Q1 2021 had 1,400 villa sales transactions worth USD 843 million, Q2 recorded 2,284 deals worth USD 1.4 billion in total and Q3 had even more: 2,498 transactions worth USD 1.6 billion.
Looking at the previous quarters' performance, the demand for villas and the volume of villa sales transactions will continue to increase in the last quarter of the year. Moreover, Q3 results are likely to be doubled as compared to the last year.
The following areas are most likely to be rime areas for villa transactions during the fourth quarter: Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and Damac Hills 2.
