Real Estate in ‘The Springs’ is Getting Costlier

The Springs is one of the seven adjoining projects which make up Emirates Living in Dubai. Constructed by Emaar, The Springs is a villa development that caters to housing needs of budget constraint residents in Dubai. Ideally located in proximity to Emirates Hills, The Meadows and Jumeirah islands, The Springs is a gated community that offers perfect living environment for young couples and families living in Dubai.

The Springs features affordable 3, 4 and 5 bedroom townhouses with small gardens, lush landscaping and scenic waterways. The Springs features attached or semi-detached villas to cater to privacy needs of all types of buyers or renters in Dubai. Though Springs is an affordable community yet it offers high standard of living with a perfect blend of luxury and comfort. With picturesque landscaping and contemporary architectural styles, the community features 5300 high-end homes offering complete lifestyle to their residents.

Since the global financial crises hit Dubai real estate, property in The Springs had not been performing well. With robust growth recorded for the sector in 2012 due to increase in job creation, availability of flexible mortgages and increase in foreign investment, The Springs has also recorded tremendous increase in its property price.

According to a reputable real estate agency in Dubai, price of villas in The Springs has increased between 25% and 30% in October as compared to same period last year. Data reveals price of property in The Springs is getting costlier due to increase in demand of its property. The price of a 2 and 3 bedroom villa has increased to USD435,500 and USD653,250 respectively compared to last year. This indicates increase of around 10% and 9% in price of a 2 bedroom and 3 bedroom villa respectively in just one year.

This significant increase in price of property in The Springs has led the experts to predict bigger and better recovery in 2013. Experts believe real estate in The Springs will continue to get costlier with every passing day since the area makes a popular choice for residents due to its better infrastructure and best availability of facilities and amenities required for a comfortable and peaceful lifestyle in Dubai.

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