Dubai's residential sector witnessed increased activity in the first quarter with a total of 2,231 ready villas/townhouses being sold during the period compared to 673 last year, acording to UAE real estate portal Property Finder.
 
The pandemic brought forth a lot of new trends into the real estate sector, not only in Dubai but across the world. One of the most significant trends was a clear increase in demand for villa/townhouses which have transpired into sales transactions, stated Property Finder in its report.
 
In Q1, the transaction numbers were higher than ever and registered record breaking month-on-month sales for ready properties, with the villa/townhouse segment leading the way, said the report.
 
In fact, as of Q1 2021, one in every three residential secondary properties sold was a villa/townhouse, it added.
 
Lynnette Abad Sacchetto, Director of Research & Data, said: "Over the last year, we at Property Finder have seen a significant demand in the data and trends of the villa/townhouse sector. We have seen the search trends increase on the website which transpired into sales transactions over the months in 2020."
 
"This trend has continued into 2021 and we don’t anticipate it to stop anytime soon. Developers are also jumping onto the bandwagon and adding new villa/townhouses phases into existing projects, which are selling out within hours after hitting the market," he added.
 
According to the portal, the total number of secondary sales comparing Q1 year-on-year increased by 72%. Ready apartment sales increased by 40% and the ready villa/townhouse sales increased by a huge 231.5 per cent.
 
"When comparing the top communities from Q1 2020 to Q1 2021, we see all of them showing a remarkable increase in sales numbers. Dubai Hills Estate, Arabian Ranches, The Springs and Naad Al Sheba account for 30% of all Secondary Villa/Townhouses sold in Q1 2021," explained Sacchetto.
 
Nad Al Sheba, a ready villa/townhouse community, has risen significantly and is the area for the most number of ready houses sold in Q1 2021.
 
In Nad Al Sheba, there were no ready villas sold in Q1 and since the properties handed over during the past 12 months, we see its sales climb from zero in Q1 2020 to 248 properties sold in Q1 2020.
 
Almost all major communities have had an increase in sales numbers by more than 100% but the most notable are Town Square with an 800% increase, Green Community with a 592% increase, Meydan with a 411% increase and Palm Jumeirah with a 364% increase.
 
According to Property Finder, Dubai Hills Estate accounted for 9% of all searches made for villa/townhouses in Q1 followed by Arabian Ranches(8%), Palm Jumeirah(7.1%), Mohammed bin Rashid City(4.5%) and Damac Hills(4.4%).
 
Of this ,15.3% of all searches were for 3-bedroom units, 13.4% for 4-bedroom units and 11.3% for 4+ bedrooms. The top searched keywords during this time period were pool, upgraded, furnished, payment plan and corner unit, it added.-TradeArabia News Service

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