In the coveted Jumeirah Golf Estates of Dubai, a
notable land sale transaction exceeding Dh300 million has been successfully
completed by AveNew by RH, Pride and Property, and Landsmith Real Estate. This
transaction is one of the largest of its kind in Dubai, highlighting the
increasing demand for golf course communities. Factors contributing to this
demand include limited availability, consistent interest from both local and
international investors, and the UAE's reputation as a favorable real estate investment
market.
Jumeirah Golf Estates, ranked among the world's top
ten lifestyle estates, is a community oriented around public transit. It boasts
over 1,500 villas, townhouses, and apartments, all well-connected to the metro
system. The community is also known for hosting the prestigious DP World Tour
Championship, a major event in the European Tour.
The scarcity of golf course-facing luxury villas in
Dubai, combined with the plot's unique view overlooking two Fairways, has
attracted significant interest from leading developers. Nitin Chauhan, director
of Landsmith Real Estate, noted that the completed project will represent the
pinnacle of luxury living in golf course communities. Chauhan has a
longstanding investment and involvement in Dubai's real estate, dating back to
the start of freehold properties.
Kunal Singh Sandhu, owner of Pride and Property,
remarked on the landmark sale, indicating a growing influx of luxury-property
buyers in Dubai, which bodes well for the market segment. He highlighted the
extensive efforts made by Pride and Property and its partners to finalize this
record-breaking transaction and expressed optimism about the future of luxury
real estate in Dubai. Since its inception in 2008, Pride and Property has
excelled in launching and managing projects for renowned developers in Dubai,
with a focus on luxury real estate.
Dubai was ranked first in Knight Frank’s 2023 list of
the world’s leading luxury real estate markets, accounting for 17% of global
sales in the segment. This significant land deal at Jumeirah Golf Estates,
valued at over Dh300 million, underscores the anticipated expansion and price
increase in Dubai's luxury market.
Another noteworthy development in Dubai’s 2023 real
estate market is Gardenia Residency, situated in the heart of Jumeirah Village
Circle. This residential development is attracting considerable attention from
investors and homeowners due to its contemporary architecture, advanced
amenities, and tranquil environment. Gardenia Residency offers an ideal mix of
urban living with a touch of nature, benefiting from its strategic location in
Jumeirah Village Circle, a leading area in terms of transaction numbers. The
development is not just offering homes but a lifestyle that aligns with the
modern resident's aspirations. As Dubai’s real estate market continues to grow,
Gardenia Residency stands as a symbol of quality living in the city.
No comments:
Post a Comment