According to ValuStrat data, villa transactions were up by 22% in Q4
Dubai Properties (DP) has announced that the launch of La Quinta, the second phase of the Villanova residential master community in Dubailand, received a remarkable response from investors after its recent launch.
DP released the second phase of Villanova to the public in response to the increasing demand for spacious, larger family-style homes in Dubai. According to ValuStrat data, villa specific transactions were up by 22% in the final three months of 2016, suggesting a strong demand in this category.
A recent report by REIDIN highlighted that Dubai was the only city among six cities (Dubai, Moscow, Sao Paulo, Manila, Shanghai and Hanoi, in that order) that has consistently provided yields above the 7% mark.
“The phenomenal customer is indicative of the popularity of the emirate as a destination for families looking to put down roots and reside for the longer-term,” said Marwan Al Kindi, executive director, Sales and Sales Operations at Dubai Properties.
La Quinta at Villanova offers premium three, four, five and five-plus bedroom independent villas ranging in size from 2,204 sqft. to 3,863 sqft.
Inspired by Mediterranean and Portuguese architecture, the villas are set amidst lush gardens complete with walking and biking trails, intersecting pedestrian-only linear parks and fountains, and multiple recreational facilities, each one including a pool house, children’s play areas and many other amenities.