33.3% of Dubai tenants chose one bedroom-units as their preferred option

33.3% of Dubai tenants chose one bedroom-units as their preferred option

Dubai, United Arab Emirates: ZāZEN Properties, a leading sustainable property developer in the UAE, notes the latest industry trends for UAE residents, with a focus on the increasing demand for one-bedroom apartments. With overall prices increasing in Dubai as a result of a surging demand for units being sold and rented-out during the first few months of the year, Dubai residents are looking for the best way to invest their money whether it is to live at the property or as a long-term profitable option.

According to recent data found by Property Finder, the leading property portal in the MENA region, March 2023 real estate transactions recorded around 45% YoY (Year on Year) increase in volume by crossing 12,135 sales transactions compared to 8,344 in March 2022 for a value worth more than AED 34.2 billion and a 53% increase from the same month last year. Approximately one third of tenants (33.3%) in Dubai were looking for one-bedroom units as their preferred option, followed by two-bedroom units at 30.4% and 29.4% for studios. As for villas and townhouses, three-bedroom units were the most searched villas for rent with 42%, followed by four-bedroom villas/townhouses or larger options at 35.5%.[1]

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