Report Reveals Most Preferred Neighborhoods, Top Nationalities Buying Property in Dubai

Published October 16th, 2017 - 01:41 GMT
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle. (File photo)
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle. (File photo)
  • Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle.
  • Indians topped the list of potential buyers at 19 percent followed by Saudis (16 percent) and Brits (15 percent).
  • Demand for Dubai property is divided between mature areas and other newer, up-and-coming communities.

 

The most searched areas by overseas property buyers in August 2017 were Jumeirah Village Circle, Dubai Marina, the Palm Jumeirah, Abu Hail and Downtown Dubai, according to a recent report by Dubizzle Property.

"While recent local trends suggest that the interest of mid-market homes and newer areas are taking the spotlight away from the more mature areas, interest from foreign investors is more varied. There seems to be a healthy interest in the Dubai property market with the popularity of areas being distributed among more mature areas and newer, up-and-coming communities," said Barry Judge, general manager of Dubizzle.

dub

In August, Indians topped the list of potential buyers, representing 19 per cent of the searches for property for sale, followed by Saudis (16 per cent), Brits (15 per cent), Americans (13 per cent) and Pakistanis (10 per cent).

Users based in Ireland, Egypt and Jordan also showed interest in the UAE property market with around eight per cent, six per cent and three per cent of the visits respectively. Kuwait users registered around 2.4 per cent of the total foreign visits for property for sale on Dubizzle, followed by two per cent of the visits from Germany.

nat

The top nationalities that search the platform for property for sale from investors based in the UAE in August were UAE nationals, Lebanese and Chinese.

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content