#Report: Dubai Hills Estate Performance Q1 2019

Unprecedented Demand For a Game Changing Community

Comparison Between Q1 2018 vs Q1 2019
 
Q1 2019
Total number of resale transactions:                   79  
Total number of off plan transactions:               819   
Total Value of resale transactions:              465,588,832 AED
Total Value of off plan transactions:          1,058,924,559 AED
Highest value  transaction:                           16,514,888  AED


Q1 2018
Total number of resale transactions:                   13
Total number of off plan transactions:               145   
Total Value of resale transactions:                54,294,543 AED 
Total Value of off plan transactions:            307,753,929 AED
Highest value transaction:                              5,660,888 AED
 
 
Most Expensive Transactions Q1 2019
 
1-  6BR Villa ,total size of 16,232 SQ.FT at Golf Place sold for 16,514,888 AED
 
2-  6BR Villa ,total size of 15,028 SQ.FT at Golf Place sold for 16,135,888 AED
 
3-  6BR Villa ,total size of 15,099 SQ.FT at Golf Place sold for 16,074,888 AED
 
4-  6BR Villa ,total size of 13,491 SQ.FT at Golf Place sold for 14,792,888 AED
 
5-  6BR Villa ,total size of 12,100 SQ.FT at Golf Place sold for 14,737,888 AED

Analysts Note 
  • Dubai Hills Estate has earned the badge of a super active community , the numbers have increased 5 to 10 times comparing with Q1 2018 , the reason behind this tremendous demand is the successful projects recently launched by Emaar in the community as well as the fast pace of construction where the community started taking shape and some of it's projects is getting close to completion.
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  • what's worth mentioning is that none of  the 79 transfers registered during the quarter were apartments transfers ,all of the resale transactions recorded in Q1 2019 were townhouses and villas . we believe that the majority of buyers were end users that are living in surrounding old villa communities. going forward demand will be driven by those end users ,Dubai Hills Estate will attract all of tenants from surrounding communities too once completed .
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  • 57  transactions recorded above the 1 Million US dollars figure, 16 transactions out of the 57 took place in Golf Place villas. 
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  • Golf place villas caught the eye HNWI AND UHNWI (ultra high & high net worth individuals) who chose Dubai Hills Estate as new home,the development offers huge 4,5 & 6 BR villas where the buyer gets the chance to choose from 3 different styles of villas for a very attractive price comparing with surrounding high end communities.
 
 

Numbers mentioned above are excluding land sales

 

Source : DLD / Price Finder