13 June 2016Over 157 villas were sold in golf communities so far this year, closing AED 1 billion in sales from January to May 2016.
Dubai - Emirates Hills - Dubai's rapidly becoming the scene for golf enthusiasts and lovers. With the DP World tournament and the Dubai Desert Classic receiving huge supporters and players year on year, an increasing number of residents look for golf homes. The golf communities currently prevalent in Dubai are Arabian Ranches, Emirates Hills, and Jumeirah Golf Estates.
The golf homes not only provide a scenic environment, but forms a community with similar interests. Areas such as the Jumeirah Golf Estates host a social club house that has events everyday from salsa dancing to curry nights.
70% of the golf community villas sold are from the Arabian Ranches area from January to May 2016, according to REIDIN. The area offers the smallest villa sizes at 3,796 square feet. An average Emirates Hills villa is five times that size. Golf homes in Dubai sold at a wide range from AED 1.6 million for an Arabian Ranches villa to AED 53 million for an Emirates Hills villa so far this year.
"Golf homes can expect good rental yields and capital appreciation, depending on the location within the development and views" says Paul Clark, Luxury Sales Specialist at Luxhabitat who specialises in the Arabian Ranches and Jumeirah Golf Estates areas. "Golf communities in general carry an extra prestige factor, this also usually warrants high quality properties, top class facilities, family community, good accessibility and safe secure environment."
Luxury Sales Director, Andrew Cleator adds, "Buying in a golfing development nearly always adds to the investment security as golfing enthusiasts and end users looking for tranquil surrounding will always pay a premium to reside in such an environment."
Tugba Dogan, Emirates Hills Luxury Specialist says that the premium returns on these golf properties depends on location, quality and views. "Usually, the standard for build is 30 percent." She says.
The success of golf properties here in Dubai have given rise to several new developments in the Arabian Ranches, Emirates Hills and Jumeirah Golf Estates areas. But how does this affect the current residents with all the new construction?
"At Jumeirah Golf Estates many of the developments still have a certain level of construction going on and the current residents seem unfazed by this and have the foresight to accept the temporary inconvenience if any." Says Clark.
"Yes, all the established golf communities you mention are currently undergoing extensions. This shouldn't have much of an impact on the current residents and ultimately this will give added value to their community as a whole when the development is fully complete." Says Cleator.
Over a 1,000 villas have been planned to be added to Dubai Hills and Arabian Ranches. For those interested in ultra-high end developments, Fairway Vistas in Dubai Hills is an option. "Fairway Vistas promise to deliver a unique exclusive lifestyle for the discerning buyer. Owners will enjoy well designed contemporary villas with wonderful views, lush private gardens, nature and cycle trails on their doorstep, spectacular panoramas of the Dubai skyline and an abundance of world class facilities which include a 18 hole championship golf course designed by European golf design. Thoughtful design and modern convenience are evident in every detail of these villas, open-plan layouts complimented by high ceilings make for wonderful living and entertaining space. The materials choices and superb finishes result in an exquisite blank canvas ready for the new owners to create the home of their dreams." Says Jason Hayes, Head of New Developments at Luxhabitat.
Read more about golf communities in our infographic here.
LUXHABITAT is Dubai's only high-end real estate company focused on marketing, selling and designing the most important real estate properties in the region. The company is focused on properties above AED5M and in 2014 had an average property transaction of AED14M. The company is focused in sourcing the best quality properties in premium residential areas such as Emirates Hills, Palm Jumeirah, Al Barari, Jumeirah Islands, Jumeirah Golf Estates, Meadows, Lakes and Arabian Ranches; and also, the best apartments and penthouses in upscale buildings such as Le Reve, Index Tower, Six Towers, Burj Khalifa, The Address Hotels, among others. For more information, visit its award-winning website at www.luxhabitat.ae
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