Space race: Dubai residents opting for bigger homes post-Covid

  • Date: 06-Sep-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Space race: Dubai residents opting for bigger homes post-Covid

Dubai residents are increasingly moving towards affordable community houses in the wake of the coronavirus outbreak as they now prefer bigger and more open spaces, property developers say."There has been a major shift towards affordable community living. So, for example, rather than living in a building in a non-freehold area like Bur Dubai, people are now shifting towards more affordable community living because we have seen the downward push in prices," said Farooq Syed, CEO of Spring?eld Real Estate. "People prefer staying in communities along Al Qudra Road. In Al Barsha, we are seeing internal migration as well.""The reason is that the brand name is there. People are preferring to buy community living compared to going to a development that is just a standalone by itself."According to Asteco, 31,000 units