Arab Today, arab today affordability driving uae rental market
Last Updated : GMT 09:58:47
Arab Today, arab today
Arab Today, arab today

Affordability driving UAE rental market

Arab Today, arab today

Arab Today, arab today Affordability driving UAE rental market

Dubai - Arabstoday

Affordability is driving trends for potential tenants in Dubai\'s housing market. a new report published by UAE property portal propertyfinder.ae said on Wednesday. Its third quarter real estate report for Dubai and Abu Dhabi, based on 1 million visits to the site between July and September, showed that searches for renting an apartment in Dubai dropped 15 percent. It added that searches for renting a villa increased 17 percent compared to the same period in 2010. At the same time, properties priced under AED100,000 witnessed a 30 percent spike in search interest, indicating that despite the swing towards villas, demand remains strong for affordable apartment rentals in Dubai. Renan Bourdeau, managing director at propertyfinder.ae, said the sharp increase in searches for lower priced apartments could be explained by the continued increase in supply of apartments, which brings prices down. \"Dubai apartment renters whose leases are up for renewal have decided that it may be more worthwhile to pay the same price but enjoy a larger room. And those previously sharing an apartment with a roommate now have the option of upgrading to living alone at no extra cost,\" said Bourdeau. Michael Burke, owner of Arabian Escapes Real Estate Company in Dubai, added that searches for villas may be on the increase because a large supply of villas under AED150,000 have become available in Arabian Ranches and The Springs.   propertyfinder\'s Q3 report showed that Arabian Ranches has now become the 3rd most popular location to search for with a 1.5 percent increase over Q2. Dubai Marina is currently the most popular location search, it added. Dubai villa and apartment prices may soon bottom out as political turmoil elsewhere in the Middle East and North Africa prompts buyers to look for less-risky investments, Jones Lang LaSalle said on Monday. Apartment prices in most parts of the Gulf sheikdom are stabilizing or declining slightly, “indicating that the market might be very near its bottom,” the US property broker said in a research report. Villa sales increased 59 percent by value even as volume fell by nearly a third, indicating that higher-priced properties are attracting the most buyers. The renewed interest hasn’t resulted in rents or property prices increasing across the board, although some localized markets are now approaching stability, the report said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today affordability driving uae rental market Arab Today, arab today affordability driving uae rental market

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday