UAE – As of September, 57% of dwelling seekers all for shopping for property in Dubai are in search of an condominium, whereas 43% are in search of villas and townhouses.
That is evident from Property Finder, the main actual property portal within the Mena area. Primarily based on Property Finder’s personal knowledge, within the rental sector, 81% are in search of residences, whereas 19% are all for villas. There was a rise within the proportion of traders or dwelling seekers in search of villas, from 39.8% in September 2022 to 43%.
Conversely, the variety of condominium seekers fell by 3.2%, from 60.2% to 57%. Amongst dwelling seekers, essentially the most looked for condominium measurement was two bedrooms, accounting for 35%, adopted by one-bedroom residences at 32%.
About 69.7% of renters in search of residences want furnished properties, whereas 28.9% search for unfurnished. In distinction, renters who can afford to lease villas/townhouses have completely different preferences, with about 57% in search of unfurnished models and 43% in search of furnished models.
About 38% of renters have been in search of one-bedroom residences, whereas 29% expressed a choice for two-bedroom residences and 23% have been in search of studios. When it comes to villas/townhouses, 49% of renters have been primarily in search of three-bedroom residences, whereas 31% have been in search of four-bedroom or bigger properties.
Cherif Sleiman, Chief Income Officer at Property Finder, mentioned: “Now we have seen modifications in shopper preferences when discovering a house – from a rise in property possession to new developments. As we speak, actual property within the nation affords various choices for all sorts of dwelling seekers – whether or not shopping for or renting. As we method the following quarter, we stay dedicated to unlocking better potential for actual property development within the area by our wide selection of instruments designed for a seamless dwelling search.”
Probably the most looked for areas to lease residences have been Dubai Marina, Enterprise Bay, Downtown Dubai, Jumeirah Village Circle and Jumeirah Lake Towers. Whereas Dubai Hills Property, Jumeirah, Al Barsha, Dubai Hills 2 (Akoya) and Arabian Ranches have been in style when it got here to villa/townhouse searches.
However, the highest areas hunted for residences in September 2023 have been Dubai Marina, Downtown Dubai, Jumeirah Village Circle, Enterprise Bay and Palm Jumeirah. Whereas Dubai Hills Property, Arabian Ranches, Palm Jumeirah, Al Furjan and Damac Hills (Akoya by Damac) have been essentially the most wanted areas to lease villas/townhouses.
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