Dubai takes a shot at golf homes
On offer are luxury villas opening out to generous courtyards and terraces overlooking golf courses; priced between Rs 7 crore and Rs 50 crorereal estate Updated: Jul 20, 2016 16:41 IST
Golf homes seem to be the next big thing in Dubai’s real estate. With the DP World Tour Championship and the Omega Dubai Desert Classic receiving huge supporters and players year-on-year, builders are now bringing in premium housing for golf aficionados.
Some of the latest golf communities creating a buzz in the market include Arabian Ranches, Emirates Hills, and Jumeirah Golf Estates. About 70% of golf homes sold this year between January and May 2016 were from Arabian Ranches, says a report by Luxhabitat, Dubai’s high-end brokerage firm.
According to Luxhabitat’s luxury sales director, Andrew Cleator, “Golf communities, in general, carry an extra prestige factor, this also usually warrants high quality properties, top class facilities, family community, good accessibility and safe secure environment.”
Buying in a golfing development nearly always adds to the investment security as golfing enthusiasts and end-users looking for tranquil surroundings will always pay a premium to reside in such an environment.
According to Tugba Dogan, a Dubai based consultant, “The premium returns on these golf properties depend on location, quality and views.”
So let’s see what kind of super luxury features some of these properties have
Jumeirah Golf Estates
Jumeirah Golf Estates or JGE is host to the yearly DP World Tour Championship. Each course has been designed by a professional golfer – Earth and Fire by Greg Norman, Wind by Sergio Garcia, Pete Dye and Greg Norman and Water by Vijay Singh. Earth and Fire are ready with several Spanish style villas. JGE still remains a new community, with two new developments coming up. The clubhouse features a luxurious spa, many restaurants and shops, a golf academy, a tennis academy and a world class fitness centre.
The high-end kitchens have mainly Poggenpohl and Miele products.The finishing of each home varies from development to development - some have marble flooring, others have tile with stone as well as wood. Says Paul Clark, a Dubai based luxury sales specialist, “JGE has small 3 and 4 bedroom entry level properties as well as 6 or 7 bedroom mansions. The quality within each development is pretty much the same from villa to villa – a view of the golf course view, the general prestige that comes with living in a golf course community, facilities and security.”
Located adjacent to the Emirates Road and behind the International Media Production Zone, the average price of a home is AED 7,149,511 or Rs 13.2 crore.
This private neighbourhood has huge mansion-like villas, and most properties enjoy views over the 18-hole Montgomerie Championship Golf Course as well as wide lakes within the complex. There are grand entrances and high ceilings with French windows opening to great views of the golf course from all rooms. Virtually all villas in Emirates Hills have travertine marble floors. The homes are expensive at AED 26,750,358 or Rs 50 crore.
Says Ian Kirkby, Dubai based consultant, “Clients are now looking for more European finish and style with open plan living and high end fit outs with kitchens by PoggenPohl and SieMatic and appliances by Miele and Gaggeneau. Potential buyers are the high net worth Indians, locals and still some prominent Europeans.”
This is a premium golf gated community, said to be ideal for a ‘desert lifestyle’ with over 1,650 acres. It has about 4,000 villas.The homes offer generous living spaces and balconies, courtyards or terraces. Vast expanses have been created with bicycle trails and walkways within the complex. Cafes and restaurants, educational institutions and health care centres add to the integrated lifestyle. The average price of a home is AED 4,278,222 or Rs 7.8 crore.
Victory Heights, a joint venture between the overall master developer of Dubai Sports City and Arcapita (a Bahrain-based investment bank), covers 25 million sq ft, and features 961 luxury villas and townhouses, set around Els Club, designed by the South African golfing legend, Ernie Els and managed by Troon Golf. This can be considered the first major golf-course villa community in Dubai.
The villas come in European Classical, Spanish Andalusian, and Mediterranean architectural styles, with custom finishes. This development, which encourages family living and offers ample space to residents has its own recreational facilities. Average price is around AED 4,153,216 or Rs 7.6 crore.
First Published: Jul 20, 2016 16:41 IST