LEOS International, a leading UK real estate developer, recently expanded to UAE to launch over four off-plan projects by the end of Q4 2023. On moving to the UAE, Mark Gaskin, LEOS Business Director, looks at what homebuyers are looking for when purchasing off-plan developments.
“The real estate market has seen a huge surge in popularity for new-build developments due to their attractive features and offerings, making this market highly competitive and in demand. Because of this, it’s important for us to stay at the top of our game, keeping in mind what homebuyers are looking for and be positioned as one of the leading luxury real estate developers in the market.”
1. Modern and High-Quality Amenities
One of the top priorities for homebuyers today is having modern and high-quality amenities in their new property. This may include features such as smart home technology, which allows you to control your home’s lighting, temperature, and security through your smartphone or tablet. Energy-efficient appliances, which can help you save on utility bills while reducing your carbon footprint, are also in high demand.
A study by the Royal Institution of Chartered Surveyors (RICS) found that smart home technology is increasingly popular among homebuyers worldwide, with 60% of survey respondents reporting that they would pay more for a home with these features. In addition, a global survey by CBRE found that fitness centres are among the top amenities residents seek in apartment buildings worldwide, swimming pools and outdoor spaces.
2. Spacious and Flexible Layouts
Homebuyers today also want spacious and flexible layouts in their new properties. Open concept living spaces are particularly popular, allowing for more natural light, better flow, and easier entertaining. Flexible floor plans that can be customised to suit the homeowner’s needs and preferences are also desirable, as they provide more flexibility and convenience.
“Open spaces have become increasingly popular in recent years, with people looking for bright and convenient spaces for entertaining guests and spending time with family. We make sure that our developments never feel small, providing spacious and flexible layouts that meet the demands of today’s homebuyers.” – Mark Gaskin, LEOS Business Director.
3. Outdoor Spaces
Since 2020 when the pandemic hit, homebuyers place a higher value on outdoor spaces than ever before. Properties that offer balconies, patios, and community green spaces are in high demand, as they provide a safe and healthy way to spend time outside without leaving home. Additionally, some homebuyers may look for properties that offer outdoor amenities such as swimming pools, tennis courts, or barbecue areas.
Sustainability is becoming an increasingly important consideration for homebuyers today. Many new properties are designed with eco-friendly features such as energy-efficient windows, solar panels, and water-saving fixtures. These features not only help the environment but can also help homeowners save money on utility bills over time.
When searching for a new home, one of the most important considerations for homebuyers is the property’s location. Homebuyers typically look for homes that are near essential amenities and facilities. According to a report by Property Finder, homebuyers are typically looking for properties close to major transportation routes, including the metro, highways, and bus stops, to facilitate their daily commutes. Properties that are near essential amenities, such as grocery stores, shopping malls, and restaurants, are also popular among Dubai homebuyers.
Mark explains, “As a property developer, LEOS understands that homebuyers today are looking for more than just a roof over their heads; they want to live in areas they love, where they can feel a sense of community.”
6. Safety and Security
More than ever, homebuyers today are also concerned about safety and security for themselves and their property. Properties with gated entrances, security cameras, and other safety features are in high demand, as they provide peace of mind for homeowners.
In conclusion, homebuyers today want properties that offer modern amenities, spacious and flexible layouts, outdoor spaces, sustainability, good locations, and safety and security features. At LEOS, we build with homeowner requirements in mind – making sure we build in places our customers love. Explore our developments today by contacting [email protected].