Villa segment will drive Dubai's real estate sector growth in Q4 2021

The demand for villas is expected to surge in the areas close to the Expo 2020 exhibition site.

It is expected that in the fourth quarter of 2021 villa segment will drive strong growth in Dubai's real estate sector as consumer and investor sentiments are improving in the run-up to Expo 2020, says Zoom Property Insights.

According to the Dubai-based real estate portal, in the coming months the demand for villas is expected to surge in the areas close to the exhibition site that will be active for half a year.

The promising figures of Q1 and Q2 2021 and the statistics in the current quarter reflect the same pattern, so sales in the villa segment during the October-December 2021 quarter are expected to grow by up to 50 percent, Zoom Property Insights reports.

'Expo 2020 is round the corner and it will lead to positive sentiments in the market. The areas close to the site of Expo 2020 will witness more transactions for villas in Dubai in Q4, 2021 as the demand picks up with every passing day,' said Ata Shobeiry, CEO at Zoom Property.

According to Zoom Property Insights' data, Q1 recorded 1,400 villa transactions worth USD 843 million and Q2 had 2,284 villa transactions valued at USD 1.4 billion in total. And judging by the rising volume of villas for sale in Dubai, this trend is continuing and Q3 is also likely to conclude even more successfully note with strong even stronger results.

'With the mega-event starting from October 1, 2021, the demand for villas can be doubled as compared to the last year,' Mr. Ata Shobeiry noted.

'Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be prime areas for villa transactions during the fourth quarter as we have received lot of enquiries from the investors and end-users.'