The entire set of Dubai South-based projects will be delivered in phases running all the way up to 2025 and will have 20,000 plus residences.
Value-conscious property buyers are heading for Dubai South, which recorded the second highest tally of off-plan sales in Dubai during May. During the month, 175 units were sold there and it was second to Jumeirah Village Circle’s 335 units.
In all, “There have been a total of 712 off-plan qood registrations in Dubai South since January,” says the Property Monitor index from the consultancy Cavendish Maxwell. “Townhouses in Dubai South are selling at an average of Dh900 a square foot compared to other emerging areas such as MBR (Mohammad Bin Rashid) City and Town Square, where townhouses are selling at Dh1,195 a square foot and Dh941 a square foot, respectively.”
Based on current expectations, 1,442 apartments at the MAG 5 Boulevard and 1,146 townhouses and apartments forming part of The Pulse cluster are to be completed during 2019. The entire set of Dubai South based projects will be delivered in phases running all the way up to 2025 and will have 20,000 plus residences.
“Developers (in Dubai) are keen to bring in more affordable housing as 2020 approaches,” states the report.
Published: 12:46 June 28, 2017