The theory of the Leisure Class: A look into Emirates Hills
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Mon February 29, 2016 11:48 am

UAE. Emirates Hills consists of 622 villas, spread over 10 sectors. A granular analysis by sector of listed prices reveals that Sector R has the highest price per square foot rate followed by W and V while Sector E and P, account for nearly 1/3rd of the entire supply.

Since the launch of Emirates Hills plots prices have increased more than 10 fold, outperforming any other real-estate asset in Dubai. A min-max analysis of transacted villa prices in Emirates Hills reveals the gap has doubled in the last 6 years.

The widening of the gap is a function of the large differences in the underlying properties that have been constructed in this community over the years.

A transactional activity analysis of the community over the last 5 years reveals that cash transactions accounted for 80% of activity. However, in the last 18 months, there has been a spike in 'other transactions' (which include refinances), which have coincided with the crash of oil prices. Due to the liquidity crunch prevalent in the market, it is likely that this trend will continue to grow as homeowners seek to monetize the substantial home equity built in their villas.

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About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

 

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