Dubai real estate: The gate keepers
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Wed June 14, 2017 3:40 pm

UAE. Gated communities have become a popular phenomenon within cities for a cornucopia of factors that include safety, status, and amenities. These communities trade at a premium compared to their non-gated counterparts as can be witnessed in various countries around the world i.e. England, United States and South Africa.

In the United States the popularity of gated communities has grown to the point, where gated developments account for roughly 11% of new housing supply. 

Since the creation of freehold in Dubai, gated communities have proliferated across the city. In the villa housing stock, 37% of units are in gated freehold communities. The non-gated communities are predominately in leasehold areas such as Jumeirah, Al Wasl and Al Sufouh.

Given the fact that freehold is still a relatively recent phenomenon, it is astonishing how gated communities have come to dominate the landscape of the city. This trend is likely to continue, making it likely that gate communities in Dubai will be a much higher percentage than in comparable first world cities.  
 
In Dubai, the premium for freehold communities is synonymous with gated communities; where freehold buildings have come up in leasehold areas, rental and price rates have gone up.
 
This premia is expected to lead to a "gentrification" of communities as Dubai continues on its aggressive pace of urban development. Better zoning and master planned communities will be able to distinguish with higher per square footage rates as these preferences are baked into the price.
 
To read the full report click here: http://bit.ly/2rPA1Pq

Click here to read this article complete with graphs on the REIDIN website

http://blog.reidin.com/dubai-the-gate-keepers/

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.

For more information, pleased visit www.reidin.com

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.

For more information, please visit www.unitasconsultancy.com

 

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