Top three Dubai rental and investment hotspots for 2012 revealed
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu May 17, 2012 12:30 pm
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UAE. A survey commissioned by propertyfinder.ae – the UAE’s number one dedicated property portal – has revealed that the top three investment and rental locations for Dubai this year are: Dubai Marina, Jumeirah Lake Towers and Downtown Dubai.

The survey gathered responses from a sample of the 3000 brokers registered with propertyfinder.ae with respondents answering a range of questions about the latest trends in Dubai’s property market.

“The results from this survey threw up some interesting facts and statistics that I think residents will be keen to know. The message from property brokers is clear – these are the three locations to watch this year in terms of investment,” said Renan Bourdeau, Managing Director of propertyfinder.ae

“Feedback from the surveyed property agents suggested there are clear reasons for the increase in demand in these locations with improved infrastructure and facilities explaining the rental increase in the areas, and the fact that mortgage interest rates are down to a much lower level explaining the increase in buyers,” he added.

Respondents were in agreement that Dubai Marina offered the most complete lifestyle in Dubai, with mall, marina and beach all on residents’ doorstep – plus, investors know that buying property here gives them strong rental returns and an excellent exit strategy.

Nicholas Robinson, Director of Property Sales and Leasing UAE at Fine & Country real estate agency summed up the appeal of the other two top rated locations: “Jumeirah Lake Towers recent rise to fame can be attributed to the fact that there has been a massive improvement in the quality of infrastructure and because there are lots of new retails outlets, but the rental prices are still quite low. And Downtown Dubai’s ability to offer city living at its finest keeps on improving and the range of eateries and retail outlets opening in the last 12 months has added massively to its image,” he said.

Ghassan Ghellal from Halcon Real Estate stated that: “The popular developed areas will continue to be in demand due to being fully established, having access to schools, shops and leisure facilities, with less construction and road works.”

The survey, sponsored independently by propertyfinder.ae, aimed to gather the most up-to-date property trends, news and updates from the large database of property brokers registered with the site.

About propertyfinder.ae

propertyfinder.ae is the UAE’s number one dedicated property portal.  With a focus on joining property seekers with agents and brokers in both English and Arabic, it provides buyers and renters with a comprehensive property search alongside tools and information – and provides real estate agents with the largest potential audience of house-hunters in the UAE.

Visitors can use propertyfinder.ae to access more than 50,000 up-to-date listings for residential and commercial properties and also view local real estate news, home styling and design features and useful advice and guides on buying and selling in the UAE.

Properties are listed in residential and commercial sectors from accredited and RERA compliant agents and brokerages. The propertyfinder.ae team manages our members and browsers in an efficient manner to ensure that best practices are respected with a maximum of transparency.

For more information, please visit www.propertyfinder.ae

 

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