17,000 new villas planned for Dubai

Despite the perceived downturn and problems in the Dubai property industry, it appears that almost 17,000 new villas in 23 locations are set to be built in Dubai over the next five years.

Recently, Dubai property developers have announced the difficulties they have had in the region, with news about cancelled and delayed projects a common topic of conversation. However despite the doom and gloom predicted by some, not all developers are sharing the same pessimistic outlook.

The new developments are being aimed at locals, rather than overseas offplan investors, as it is widely believed that the offplan developments were largely to blame for the current state of Dubai’s property market. It is hoped that by targetting locals, it will create a more sustainable, stable property market.

Around 10,500 villas are planned for South of Shamkha, with around 5,000 villas planned for Al Falah, as well as numerous other small developments around the country.

RSS Feed for This PostPost a Comment