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Prices in these golf villas range from AED4.2 million to AED12 million
Abu Dhabi: Chestertons, the international property agency established in 1805, stated that the demand for luxury golf villa properties in Abu Dhabi for both sales and rentals, have seen a consistent growth in demand throughout 2015. The company recently previewed two high-end properties namelyAl Raha Golf Gardens and Abu Dhabi Mangrove Suites aimed at the local Emiratis and high net worth expats.
A four bedroom townhouse villa at Al Raha Golf Gardens starts from AED 4,275,000 and a six bedroom executive villa is priced at AED12 million. The rentals at the same property are in the range of AED 220K to AED 450K per year. Rentals at Abu Dhabi Mangrove Suites are from AED 175K - AED 320Kper year.
"Golf course communities offer a unique proposition to its residents by providing an opportunity to reside in an upscale address surrounded by beautiful views of a manicured golf course. Abu Dhabi's property market will continue to remain buoyant through 2016 due to its strong growth potential and rise in demand for such high end villa properties.Abu Dhabi's real estate sector providessigns of stabilization, with an average 4% quarterly rental growth.Villa sales prices have remained stable in 2015, along with the recent launch of several new projects in Saadiyat which witnessed good demand," said Declan McNaughton, Managing Director, Chestertons.
Globally, Golf communities are high in demand due to their exclusivity and luxury appeal. They are popular with senior executives and businessmen who can afford an exclusive lifestyle. Abu Dhabi has certainly become a regional golfer's destination with world class golf clubs. On an average Villa prices in Al Ghadeer area is around AED2.3 million, Al Raha areas touch AED12 million, a villa in Al Reef will start from AED7 million and areas such as Khalifa City and Saadiyat Island will be in the range of AED15.3 million.
"Such high end properties are in short supply, therefore, demand will continue to grow in the coming years till the new projects are handed over. Abu Dhabi offers some of the best rental returns in the country and is one of the safest places for property investment. The developer's perception about the property market is set to be optimistic as new developments were launched primarily in Reem, Yas and Saadiyat Islands. This fosters confidence for the buyer into the market as more options are now available over time," added Drica Rodrigues, Head of Abu Dhabi Agency, Chestertons.
Chestertons with its Middle Eastern headquarters in Dubai and the company's office in Abu Dhabi offers a full range of property services, including residential and commercial sales and leasing together with professional property valuation and property management services.Chestertons MENA has a very active international sales division, specializing in the sale of prime, Central London residential apartments and houses to investors from across the entire MENA region.
The company has also created a new 'International Properties' arm that will focus on EU based properties for Middle Eastern investors. The company will facilitate investors from the region to buy properties in Spain, Monaco, Cyprus and several other EU countries from its office in Dubai. The company's portfolio of properties ranges from apartments to multi-million Euro grand estates in Spain encompassing Marbella, Mallorca, Ibiza and Barcelona.
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About Chestertons:
Established since 1805, Chestertons International is a multi-disciplinary property business covering residential sale and lettings, commercial and international agency with 51 international offices in the United Kingdom, UAE, France, Spain, Italy, Singapore, Russia, South Africa, Australia and Barbados. Chestertons offers a full range of property services, including residential sales and lettings, commercial agency and management, rural land management, professional advisory services, professional valuation and other surveying services. For more details please visit www.chesterton-mena.com.
Agency Contact:
Prem A. Ramachandran
Managing Director| White Water Public Relations
GSM: 0097150-4537253|PO. Box 18936, Dubai, UAE
Email: prem@whitewaterpr.com
www.whitewaterpr.com
© Press Release 2015
