Some of Dubai’s hottest new property areas and developments have been revealed by stats from an agent specialising in real estate in the emirate.
Propertyfinder unveiled what it said were ‘hot zones’ to buy and rent in Dubai with trends showing buyer interest seems to be shifting to new areas.
Top of the real estate ‘to buy’ list was The Springs, a lakeside development featuring a range of new villas and picturesque landscaping.
Heading the company’s top ‘to rent’ list is again The Springs, with real estate in Discovery Gardens, a new development of apartments and villas across six themed communities, coming second.
Marcello Sambartolo, head of marketing at propertyfinder.ae, said: “We are seeing a real shift in rental interest towards new residential areas such as Discovery Gardens and Jumeirah Lake Towers where rents are more competitive.
“This data also shows that there is still interest from end users looking to invest in Dubai real estate which is now offering opportunities to capitalise on the recent drop in house prices.”
The survey was based on visits to the company’s site through February this year, with executives adding there was “ongoing activity” in the emirate’s property market despite the recent downturn.
Jumeirah Lake Towers is one of the most spectacular developments on the hot list – an 87-tower property project which combines residential real estate with hotels, leisure and retail facilities.
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It is getting out of trouble.Thanks to the measures taken by the government.In future we can see improvement in dubai real estate market.
These guys always amaze me with their real estate achievements. They definitely can not think in the box.