With property developers, it’s always a question of whether they have the right product type available in the market to meet demand. Going by that yardstick, since the beginning of the year, developers in Dubai are paying extra attention to one particular category – villas.
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In recent weeks, the number of villa and mansion launches (with townhouses too thrown into the mix) have shot up significantly, with all of the city’s biggest developers – Nakheel, Emaar, Meraas – joining in.
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This week, Nakheel scored a second big hit with its villas on an island push. This time, it was Dubai Islands, where the first release of villas was met with snaking queues running into hours.
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In terms of pricing, Dubai Islands’ villas have struck the right pitch with buyers, by keeping entry level rates at Dh4 million for three-bedroom townhouses. And at the top-end, 5-bedroom waterfront villas, from Dh13.8 million.
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Market sources say there is an element of price discovery with the values set for the initial Dubai Islands’ villa releases. “What they do is set the foundation for all future releases,” said an estate agent. “Nakheel’s doing well with its spread out new release strategy, whether at Dubai Islands or at Palm Jebel Ali (since October).”
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In fact, the Palm Jebel Ali (re)-launch was just what the Dubai property market needed to set off a full-scale revival in new villa launches for Dubai. Again, it’s all about timing, as available for sale villa stocks had dropped significantly all through 2022 and most of 2023.
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At one point, it seemed the entire offplan surge was confined to towers, apartments and penthouses. Sure, there were a few villa projects, but these were mostly bespoke ones, and typically on Palm Jumeirah or Jumeira Bay.
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Then, first, Palm Jebel Ali happened. And immediately followed by Aldar, the Abu Dhabi developer with its first project – the Haven - in Dubai. Again, first releases had an instant sell out. And more units are coming, with four- and five-bedroom villas starting at Dh7.9 million.
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By now, the villa launch cycle is well and truly on. Meraas is having The Acres in Dubailand, where the prices are upwards of Dh5 million, according to estate agents.
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At The Valley, Emaar's got its four-bedroom villas in the Farm Gardens' cluster starting Dh7 million. "There's been a recalibration by Dubai master-developers to feed the property market with more luxury villa launches," said the estate agent.
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Plus, there will be Aldar with a further two residential community launches in Dubai later this year. They remain among the most anticipated projects, and helping to keep Dubai well stocked with premium home options.
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Privately owned developers too have their own villa offerings in the fray. AMIS is bringing in a Lamborghini flavour. At its Woodland Residences, the developer will bring Automobili Lamborghini branded surfaces to each unit.
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And if it's ultra luxury ready villa that a buyer is looking at, Dubai has its share of those options too. Such as the one over at Jumeira Bay. The asking price for the Bulgari home? Dh495 million...
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Sobha added a sequel to its villa-dominant Hartland community. Six-bedroom homes there start from Dh58.3 million. Deliveries are scheduled to start from late 2025.
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