BackArabian Ranches 2 has seen a sizable jump in transaction volume, with a year-on-year increase of 78%, demonstrating a clear demand for affordable villas in Dubai. With that being said, demand is mostly directed towards properties that are either vacant on transfer, or will soon be vacant. These are hard to come by, however, resulting in them commanding a higher premium.
Another key trend which we have seen is a significant rise in the number of mortgage registrations. While higher interest rates are one contributing factor, with buyers looking to secure financing before rates rise even further, a more significant factor is that post-handover payment plans are coming to an end.
