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This data was provided by Data Finder, a real estate platform of the Property Finder Group, in its recent study.
1. Between the off-plan the projects monitored in the study, the complex from the developer Seven Tides in the Z cluster of was dubbed the most popular among home buyers. Exactly, 528 transactions were registered there in 2019.
SE7EN City is an exclusive luxury residential complex in Dubai's Jumeirah Lakes Towers (JLT). Housing prices in the project range from AED399,000 (US$108,627) for studios, AED723,000 (US$197,000) for one-bedroom apartments, AED1 million (US$272,250) for two-bedroom apartments and up to AED1,4 million (US$381,000) for a spacious 3-bedroom apartment.
With investing in SE7EN City, buyers get a guarantee of their future income of about 10 per cent for 5 years. And the studios, according to the developer’s estimates, will provide investors with at least 12 per cent of the annual investment income. Completion is scheduled for the 4th quarter of 2021.
2. The Seven Tides project was followed by the 78-story Emaar Grande Tower in the Dubai Central Opera District. The building registered 446 off-plan property transaction in 2019.
3. In addition, Emaar Properties also sold 388 off-plan units in the Creek Edge Tower 1 building in the . Besides, investors were interested in premium residences at the project overlooking the Palm island and the sea, and with direct access to a private beach. It offers 1, 2, 3, and 4 bedroom apartments and 3 to 4 bedroom villas at prices starting from US$520,000 per 1140 sq.ft.
4. At the same time, 350 sales were registered in the Burj Royale project in the area, which made the previous and the current project subsequently the third and fourth most popular off-plan buildings for home buyers in Dubai in 2019.
5. Other popular projects of this category in 2019 were the Q-Zone from Al Mazaya Holding in Queue Point, Liwan (328 transactions), the Reva Residences complex in Business Bay area, overlooking the Dubai Water Canal from Damac Properties (299 transactions), Bella Rose by Deyaar at the Dubai Science Park (253 sales) and Palace Residences by Emaar at Dubai Creek Harbor (237 transactions).
6. Damac Properties also registered good off-plan sales last year in the luxury property category: actually, two of the company's projects significantly increased sales in this segment. These were the Paramount Tower Hotel and Residences in Business Bay, where 230 deals were made, and Aykon City Tower C in the same area, where 227 sales were registered. In the first one you can buy fully furnished serviced hotel apartments with a lot of layout options, guaranteed rental income of 24 per cent and the possibility of the 70 per cent post-handover payment plan for 21 months. And the latter, namely Aykon City project offers residential, hotel apartments, hotel rooms and office spaces in a prestigious location on Sheikh Zayed Road overlooking the Dubai Canal.
The report also says that in the affordable segment of the Dubai secondary housing market, the highest sales were recorded in Al Khail Heights, where 213 ready-made affordable properties were sold.
“What is the most interesting about this data, is that all popular buildings at the secondary market were in a very affordable price range, while in the off-plan segment, most of the popular buildings fell into the luxury category,” comments Lynette Abad, Director of data and research at the Property Finder.
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