Demand for luxurious properties with outdoor living spaces carried on to rise this year, as lifestyle changes being on the top in the wake of the COVID-19 pandemic, UAE-based developer Nakheel provided on this Wednesday.
The main-builder of the Plam Jumeirah just registered a rise “record” deals in January, with 133 deals costing a whole of 342 million dirhams($93 million), the highest monthly deals so far.
The developer also sold 2.2 billion costs of properties, containing 800 high-end family villas in the previous year.
Its top-selling development, the Nad Al Sheba Villa, witnessed half of its luxurious houses raised up in 12 months.
“2021 is off to a strong start, with Nad Al Sheba Villas continuing to attract buyers –- mostly end-users –- taking their first step on the property ladder or upgrading to larger homes,” said Aqil Kazim, Nakheel chief commercial officer.
Lifestyle changes
“Last year saw significant lifestyle changes in the wake of the coronavirus pandemic, boosting demand for more indoor and outdoor family living space. This trend looks set to continue,” Kazim added.
Investors stacked into Dubai’s property market post the lockdown the previous year, mostly purchasing homes with exclusive outdoor space. Reports said the experience during the lockdown bring up people to recalculate their lifestyle and living choices.
“During the lockdown, search and demand data showed that people started looking for bigger properties. The search and demand data shifted from the traditional small family apartments to villa/townhouses… This trend has grown significantly since the lockdown started and continues to have an effect on the market,“ the Dubai Land Department said earlier.