Revealed: Popular areas for rental demand in UAE

  • Date: 21-Apr-2021
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Revealed: Popular areas for rental demand in UAE

UAE - Dubai Marina, Al Majaz in Sharjah and Al Reem Island were the top areas for rental demand in the UAE during the first quarter of 2021, said a new report.These figures were released by Property Finder on Wednesday based on the number of searches on its portal during Q1 .“Top searched terms across the UAE were no commission, chiller free, private and stand alone for villas/townhouses. Chiller free was a common because the summer months are coming and the electricity bills are going to be higher because of AC usage. Also, with the tremendous amount of stock in the market, there are a number of agencies that are working with developers providing consumers with no commission structures and lucrative deals so they can attract more renters,” says Lynnette Abad, director of research and data at Property Finder.DubaiIn Dubai, the top areas for rental demand were Dubai Marina (12.3 per cent) followed by Downtown (7.3 per cent), Business Bay (6.4 per cent), Jumeirah Village Circle (4.9 per cent), and Palm Jumeirah (4.6 per cent) for apartments.Around 10.3 per cent of the searches were for studio apartments, 18.8 per cent for 1-bedroom apartments, 17.5 per cent for 2-bedroom apartments and