Who better than our carefully selected community specialists to offer some inside information on what it is to live in a neighbourhood? We have asked agents who specialise in a community to throw some light on buying and renting patterns in the chosen area.
Harry Tregoning
Managing Partner, Tregoning Property
Harry’s team has been working in Al Sufouh for over six years. They have rented multiple villas in the area – 3 villas already in 2020.
A great community nestled between Media City and Umm Suqeim as well as the coast, Al Sufouh offers a range of local villas, traditional community compounds, modern compounds and apartment living.
Searches for Buy (11%) vs Rent (89%)
As the area is mainly non-freehold, it is not surprising to see this breakdown of searches as the opportunity to purchase is relatively restricted for non-GCC nationals.
Searches for Apartments (55%) vs Villas (45%)
Because of the affordability of many of the apartments in Al Sufouh, the searches are pretty even but the compounds also remain popular. Major owner Arenco has reduced their rent by 20 percent for villas in the last quarter, which is the first adjustment in rents they have made for over five years in this area.
Who Lives Here? Couples (25%) Singles (37%) Families (38%)
Because of Al Sufouh’s convenient location and proximity to so many work areas, the beach and good transport links (Sheikh Zayed Road, Metro and Tram stations), it attracts single professionals as well as families. The families tend to target the compounds which are greener while the other demographics aim to live in the apartments.
Most Searched Sub-Community: Acacia Avenue
Most Searched Building: Arenco Villas
The most searched sub-community and buildings are both villas, but these communities are also popular. The sleek looking Acacia Avenue villas always attract attention as does the green, safe gated community of Arenco Villas.
Top searched keywords: new, brand new
These keywords are relevant to the new apartments. For instance, a 2-bedroom apartment in Cloud 9 (open for two years) can be rented for AED 63,000. There is due to be a new development opening by Al Wasl in the next year and its proximity to Wellington will certainly make it popular. Al Sufouh is a fantastic area which offers great value for money and something for most tastes and budgets. Al Nakheel Villas is a gated community with a sports and social club, tennis and an on-site nursery. They remain busy at the cheaper end for villas while Acacia Villas cater to the higher end.
All data powered by Data Finder, the real estate insights and data platform under the Property Finder Group. For a more detailed trends analysis, please visit datafinder.ae
