Thomas Mackie25 Feb 2019 AT 11:42 AM

Dubai's most popular place to rent and buy revealed

You better get saving...
Thomas Mackie25 Feb 2019 AT 11:42 AM
Dubai's most popular place to rent and buy revealed

Dubai Marina was the most popular area to buy a home in the first half of 2018, according to a new report from Property Finder.

And we're not surprised as the marina is home to some of the city’s best bars, restaurants and attractions.

The area saw double the amount of searches as the runner-up, Downtown Dubai.

The top five most searched for areas also included the Palm Jumeirah, Arabian Ranches and Jumeirah Village Circle.

For the second half of the year, the most popular areas remained unchanged although Jumeirah Village Circle fell four spots and was replaced by Jumeirah Lakes Towers.

Unsurprisingly, the report highlighted people wanting to rent outweighed those who wanted to buy a property.

For renters, the most popular areas in 2018 was also Dubai Marina, followed by Downtown Dubai, Palm Jumeirah, Jumeirah and Al Barsha.

In the second half of the year, Al Basha moved to fourth place, while Business Bay went to fifth.

Lukman Hajje, Property Finder’s chief commercial officer said: “This is arguably the best time ever to be a tenant in the UAE.

“Dubai apartments’ advertised rental asking prices have dropped 30 percent in the last two years, with more than half that in the last 12 months alone.”

Comments