Hyati Avenue Continues to Achieve High Sales due to One-of-a-Kind Units

The outbreak of the coronavirus pandemic has significantly affected the real estate market in Dubai. While the construction industry continues working on delivering projects, the residential property market has suffered due to the market’s change in sentiment; however, good quality property is still seeing demand.

In 2019, over 35,000 residential units were delivered to the market, which has resulted in more choice for customers. Despite the impact of COVID 19, 2020 is still expected to see deliveries close to that number. Due to this oversupply in the property market, many units will remain unsold and empty, but the units that demonstrate quality in terms of materials, design and construction will continue to see an appetite.

At Aurora Real Estate Development, we understand that Clients are seeking this type of service and product, and we therefore focus intensely on – quality over quantity; Each of our properties have been meticulously designed, keeping the end-user in mind. We create one-of-a-kind homes by putting ourselves in the shoes of the customer and applying a meticulous approach to detail, going above-and-beyond in our efforts to deliver homes with creative designs not seen in the market with the highest quality standards in terms of materials and workmanship.

Hyati Avenue – Aurora’s recent project, which is 80% sold – encapsulates our vision to deliver elegant units in Dubai at a competitive price in one of the booming residential hubs, Jumeirah Village Circle (JVC). In March 2020, the area registered 86 off-plan sales making it the 4th most popular residential locality in off-plan sales after Downtown, Mohammed Bin Rashid City and Business Bay*1.

Despite the current slowdown in the market, Hyati Avenue is still observing a high degree of sales for these entirely unique apartments and townhouses unrivaled in terms of quality and design. The outlook for the post-pandemic Dubai market is promising: GDP is expected to grow by 4.7% for the first quarter of 2021,*2 mortgage caps have been increased to 80%, and interest rates are at an all-time low, all of these elements tied together make it an opportune time to purchase.

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