Business & Money | Monday 20 February, 2017 9:36 am |

Dubai Properties’ La Quinta at Villanova achieves record sales amid increasing demand for larger, family-style homes

Popularity of five- and five plus bedroom units at new DUBAILAND community highlights crucial gap in the market for premium villas

Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, has announced that the launch of La Quinta, the second phase of the elegant and vibrant Villanova residential master community in DUBAILAND, received a remarkable response from investors after its launch on the 21 January 2017. This follows the success of the first phase of Villanova, Amaranta, and DP’s other notable destination in DUBAILAND, Mudon that were sold out after being made available to the public in 2016.

 

DP released the second phase of Villanova to the public in response to the increasing demand for spacious, larger family-style homes in Dubai. Not only is Dubai a preferred location for expat families looking to set up a permanent home, but investors are also being attracted to the higher capital gains and rental yields when compared to other popular expat cities around the world. A recent report by REIDIN highlighted that Dubai was the only city among six cities (Dubai, Moscow, Sau Paulo, Manila, Shanghai and Hanoi) that has consistently provided yields above the 7 per cent mark (other cities were closer to 4.5 per cent). According to ValuStrat data, villa specific transactions were up by 22 per cent in the final three months of 2016, suggesting a strong demand in this category.

 

Marwan Al Kindi, Executive Director, Sales and Sales Operations at Dubai Properties, said: “The success of the premium, larger villa category at Villanova reflects DP’s deep understanding of the verifiable market needs and our commitment to providing the type of residential destinations that support the creation of a healthy real estate market in the Emirate. Our 10-years of experience as a leading real estate master developer in Dubai allows us to deliver the right solutions to continue to develop the large, family homes product category to a mature level. The phenomenal customer response to the launch of the five- and five plus bedroom units at La Quinta at Villanova is indicative of the popularity of the Emirate, and particularly DUBAILAND, as a destination for families looking to put down roots and reside for the longer-term.”

 

Located in DUBAILAND, near the intersection of Emirates Road and Al Ain Road, in close proximity to Sheikh Mohammed Bin Zayed Road, La Quinta at Villanova offers premium three, four, five and five plus- bedroom independent villas ranging in size from 2,204 sq. ft. to 3,863 sq. ft. The first-of-its-kind private gated neighborhood is specifically designed to cater to holistic family living, with its elegant and spaciously designed ‘Cluster Homes’ and large standalone villas with premium finished, all of which will include full amenities including shaded car parks as well as an additional outdoor area.

 

Inspired by Mediterranean and Portuguese architecture, the villas are set amidst lush gardens complete with walking and biking trails, intersecting pedestrian-only linear parks and fountains, and multiple recreational facilities, each one including a pool house, children’s play areas, BBQ zones, picnic lawns and basketball court, as well as other community-wide facilities like mosques, retail outlets with outdoor seating and more. The villas are adjacent to Al Habtoor Polo and Equestrian Club. 

 

About Dubai Properties:

Dubai Properties (DP) is a leading Dubai-based real estate master developer known for the development and management of prominent destinations across the Emirate.

DP’s diverse real estate portfolio responds to the evolving needs of Dubai through the development and management of a host of mixed-use contemporary residential, retail, commercial and retail developments including: the upmarket residential towers at Jumeirah Beach Residence(JBR and 1/JBR), the commercial and residential mixed-use developments in Business Bay (The Executive Towers, Vision Tower, Bay Avenue, Bay Square, Bellevue Towers and Marasi Business Bay), the residential communities at DUBAILAND (The Villa, Al Waha, Arabella, Mudon, Remraam, and Serena) and the residential and hospitality projects at Culture Village around the Dubai Creek, (Dubai Wharf, Manazel Al Khor and the Anantara Dubai Creek Hotel), and the growing portfolio of community retail within its leasing communities including Layan, Shorooq, Ghoroob, Al Khail Gate communities and Nuzul staff accommodation.