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Top choices for Dubai tenants, investors and property buyers: DLD advices where to buy and to rent.
The top-setter and the most wanted residential Dubai location of Dubai Marina, preferred by people for its waterfront lifestyle, has absolutely expectedly topped the list of most sought-after Dubai locations for property buyers, while Downtown Dubai, with Burj Khalifa as its main landmark, has attracted a lot of renters, according to a new official report from the Dubai Land Department (DLD).
Recent analysis revealed that investors’ interest in Dubai’s housing market from both local and international buyers has increased substantially during the first months of 2019.
Last week alone we saw real estate transactions bringing as much as AED7.7 billion to property sellers, up from AED6 billion a week ago.
And it’s likely for the most investors to be quite inclined to pour hundreds of thousands and millions of the UAE dirhams in Dubai’s real estate market to get them an accommodation with a beach view and/or access.
Dubai Marina remained the top choice for investors, said the report. This development has a lot of prime properties to offer if you’re looking to live near the beach and, both, stay close to all retail and entertainment options, restaurants and hotels, like The Beach, and the recently openedfeaturing also the Al Ain Dubai, the world’s largest Ferris wheel.
The leading property finding web portals also confirmed DLD’s findings that the amount of searches for apartments in Dubai Marina has doubled recently, compared to other neighborhoods.
As of now, one can buy a one-bedroom luxury apartment in Dubai Marina for about AED1.8 million, while two-bedroom residence will cost you up to AED2.1 million.
Potential property buyers were also keen to purchase residential units in central Downtown Dubai, where a one-bedroom apartment with Dubai Fountain views can costAED2.3 million, as well as a man-made island of Palm Jumeirah, villas at Arabian Ranches and properties in Jumeirah Village Circle.
Dubai areas most popular among buyers and investors in real estate
These five top locations for real estate sales, except for Jumeirah Village Circle, remained most wanted at the end of 2018, while appeared in the top five list of the most sought-after Dubai areas for property investments only this year.
The most looked for Dubai hotspots among tenants, according to the latest DLD report, were Dubai Marina, Downtown Dubai, Palm Jumeirah and Al Barsha. Al Barsha emerged as the fourth most popular location for rent, while Business Bay moved up to the fifth position.
Dubai Marina, as the most wanted location for renters, can offer tenants apartment non-less than AED60,000 per annum, while luxury units can cost up to AED100,000 for a one-bedroom flat, depending on the location and views.
Dubai areas most popular among renters of real estate
Buy, sell or rent/lease an apartment, office or any other kind of residential or commercial real estate in the top Dubai areas with IMEX Real Estate. We’ll lead you through the whole process! Contact us at:
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