Sunday, July 18, 2010

Dubai Marina is the hotspot to buy, rent property

The Dubai Marina has been voted the number one hotspot to buy and rent property in Dubai during the second quarter of the year, said the latest findings by a leading real estate website, propertyfinder.ae.

The second quarter enquiry results said that it accounted 20.4 percent of search terms for sales and 15.9percent rentals. The Dubai Marina properties are now viewed atleast once in every five searches, the report said.

The Palm Jumeirah and Jumeirah Lake Towers were the second hot spot with 11.8percent (purchase inquiries) and 8.1 percent (rental inquiry) during the same period.

The findings also revealed that Mirdiff is the third most popular choice for rentals outside of new Dubai, the report noted.

The current trend noticed in Dubai's property market is that buyers and renters are moving further outside of the traditional residential areas of New Dubai, particularly to locations such as Palm Jumeirah and Jumeirah Lakes Towers.

Among the other popular choices are International City and Discovery Gardens. The findings are based on about 450,000 visits to the website during Q2 2010.

In terms of search, the property hot zone locations by propertyfinder.ae are:

To buy, Q2 2010
Dubai Marina, 20.4%
Palm Jumeirah, 11.8 %
Jumeirah Lakes Towers 11.2%
Arabian Ranches, 6.5%
Jumeirah Beach Residence, 5.9%

To rent, Q2 2010
Dubai Marina,15.9%
Jumeirah Lakes Towers, 8.1%
Mirdif, 7%
Jumeirah, 6.8%
Palm Jumeirah, 6.3%

1 comment:

Dubai Property said...

Dubai Marina is a good place to stay for expacts