Many agents are seeing increased activity in the very high end Emirates hills villas , considered by many to be the Beverley hills of Dubai with supersized plots and Villas located around the Montgomery Golf Club.
It is believed that many well healed residents of Dubai are taking advantage of this area due to the reduction in prices over the last 18 months, this view is also being emulated by the banks and financial companies of Dubai who are also giving very favourable loan to Value Terms of 50% and greater in this Area and reduced interest rates against the normal standard lending rates.
Emirates Hills as always been the mega for the successful business men of Dubai due to ist prime location and vistas also Emirates Hills was one of the first areas made available to non Arab nationals to buy. It is targeted at wealthier residents and remains the most exclusive area in Dubai. The properties were largely sold as plots, with owners free to develop villas to suit their own style and layout requirements. A few villas were sold, ready constructed. Whilst a few empty plots remain available most now consist of villas in varying degrees of construction, for the most part these are now complete. Plot sizes vary from the region of 10,000 sq ft to 40,000 sq ft.
The news from the region brought to you by Emirates property Shop for all your requirements for villas and apartments in Dubai.
|