Study reveals most sought-after Dubai neighbourhoods

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Dubai-Sports-CityAcross Dubai, housing prices and rents have continued their climb and newer residential addresses are emerging due to improving infrastructure and investors seeking opportunities in prime and up-and-coming neighbourhoods, according to UAE-based real estate portal propertyfinder.ae.

In its first-quarter 2014 real estate report – covering the latest trends in residential and office markets in Dubai and Abu Dhabi based on 300,000 for-sale properties and rentals listed on the website – the report compiles statistics and trends of the most-searched communities by over 2 million visitors who use the site to browse the latest properties.

Analysing searches on propertyfinder.ae between January and March 2014, Michael Lahyani, CEO and founder, said, “Whilst the definition of a great neighbourhood differs from person to person, by tracking user activity on our site, we’ve determined which communities are the most desired places to live in Dubai so far this year.”

“Whilst communities such as Dubai Marina, Downtown Dubai and Palm Jumeirah that have made the top ten have not changed much quarter-on-quarter, Dubailand has moved up yet another spot, ranking fourth in the list of neighbourhoods most searched by buyers. Jumeirah Village Circle and Dubai Sports City also continue to enjoy buyer interest with increasing infrastructure driving these areas to become bustling neighbourhoods,” said Lahyani.

Adding that the shift to market fundamentals and regulation was stronger than at any other period in the UAE’s real estate industry, Lahyani said, “An upside of escalating rents has been the opening up of new communities in the fringes of the city that aside from offering good value to renters also have the fundamentals that make for a good investment. For instance, we see Dubai Sports City, which ranked 11th in the first quarter 2013, move up two places to grab ninth spot amongst most desired neighbourhoods for renting this quarter. We also see a 100 per cent quarter-on-quarter rise in renter interest in Dubailand. So, whilst prime areas will continue to experience demand and growth, this year will see the rise of suburban neighbourhoods in Dubai.”

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Reading Time: 2 minutes

Across Dubai, housing prices and rents have continued their climb and newer residential addresses are emerging due to improving infrastructure and investors seeking opportunities in prime and up-and-coming neighbourhoods, according to UAE-based real estate portal propertyfinder.ae.

Reading Time: 2 minutes

Dubai-Sports-CityAcross Dubai, housing prices and rents have continued their climb and newer residential addresses are emerging due to improving infrastructure and investors seeking opportunities in prime and up-and-coming neighbourhoods, according to UAE-based real estate portal propertyfinder.ae.

In its first-quarter 2014 real estate report – covering the latest trends in residential and office markets in Dubai and Abu Dhabi based on 300,000 for-sale properties and rentals listed on the website – the report compiles statistics and trends of the most-searched communities by over 2 million visitors who use the site to browse the latest properties.

Analysing searches on propertyfinder.ae between January and March 2014, Michael Lahyani, CEO and founder, said, “Whilst the definition of a great neighbourhood differs from person to person, by tracking user activity on our site, we’ve determined which communities are the most desired places to live in Dubai so far this year.”

“Whilst communities such as Dubai Marina, Downtown Dubai and Palm Jumeirah that have made the top ten have not changed much quarter-on-quarter, Dubailand has moved up yet another spot, ranking fourth in the list of neighbourhoods most searched by buyers. Jumeirah Village Circle and Dubai Sports City also continue to enjoy buyer interest with increasing infrastructure driving these areas to become bustling neighbourhoods,” said Lahyani.

Adding that the shift to market fundamentals and regulation was stronger than at any other period in the UAE’s real estate industry, Lahyani said, “An upside of escalating rents has been the opening up of new communities in the fringes of the city that aside from offering good value to renters also have the fundamentals that make for a good investment. For instance, we see Dubai Sports City, which ranked 11th in the first quarter 2013, move up two places to grab ninth spot amongst most desired neighbourhoods for renting this quarter. We also see a 100 per cent quarter-on-quarter rise in renter interest in Dubailand. So, whilst prime areas will continue to experience demand and growth, this year will see the rise of suburban neighbourhoods in Dubai.”

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