The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.
Bayut.com found that nearly 61% of Indians surveyed were searching to buy a house in the past three months, out of which 83% were looking for an apartment.
Among the sought-after localities are Dubai Marina, Downtown Dubai and Jumeirah Lake Towers (JLT), Emirates 24/7 reported.
Only 13.71% of Indians showed an interest in buying villas, while for townhouses the search was limited to 1.71%.
Indians have invested AED44 billion in Dubai’s real estate market in the last three years, including AED18 billion in 2014, according to Dubai Land Department data collated by Emirates 24|7.