500% growth in demand for larger properties since May.
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Plans already in place to double the size of UNA project at Town Square development
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Re-evaluating housing preferences in a post-pandemic world, more and more residents are now in search of larger homes.
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The value of off plan properties transacted grew by 140.49 percent and the value of secondary property transacted grew by 79.33 percent.
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Figures released by Property Monitor reveal huge surge in popularity for Town Square development
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Tenants and homeowners will be gradually moving into the ‘new normal’ where community and open space are in proximity.
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Town Square has become one of the most popular communities to buy apartments across Dubai.
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Over the last three weeks, the number of real estate transactions has been consistently increasing by nearly 11 percent on average.
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Many JLT and Marina residents are looking for areas with open green spaces.
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Tenants, buyers look to escape crowded communities and enjoy personal outdoor space.
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COVID-19 pandemic impacts all segments of the UAE property market
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Town Square Dubai is to celebrate the opening of Town Square Park to the public with fireworks and parade on Friday