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Emirates Hills so far is the most exclusive development in Dubai, followed by Palm Jumeirah, which continued to achieve the highest prices, particularly for units located towards the end of the fronds and with good views (not towards empty fronds). The Mediterranean design appears to be the most in demand among buyers, whereas the Arabian style is least preferred. Signature Villas occupy plots of about 13,500 sq ft with a built-up area of 7,500 sq ft in a mix of six- to seven-bedroom units.
Dubai luxury property (villa) developments
Demand for luxury villas is high due to the limited supply, with occupancy rates ranging from 98-100 per cent. The number of units available for sale on the primary market is low — about ten villas in the St Regis development on Saadiyat Island. Prices on the secondary market have remained relatively stable over the past few months, after reaching very high rates in the second half of last year.
Abu Dhabi luxury property (villa) developments
Source: Property Weekly