Most sought-after locations for Dubai’s property buyers revealed

SectorReal Estate
CountryUAE Top Picks

As Dubai’s real-estate market bounces back from the pandemic, residential units in established communities are proving to be a clear favourite among property buyers.From July to September, potential buyers searched for homes in neighbourhoods like Arabian Ranches, Jumeirah Village Circle, Dubai Marina and Dubailand, according to in a new report from property portals Bayut and Dubizzle.Properties around Dubai have generated a lot of transactions recently, particularly since the lockdown was lifted, indicating pent-up demand from buyers.According to the data from Dubai Land Department (DLD), the third quarter of 2020 saw 8,137 real-estate transactions, worth a total of 17.1 billion UAE dirhams, surpassing the 5,557 transactions recorded in the previous quarter.Low interest rates, competitive prices, and incentives like rent-to-own schemes, service charge waivers and fee reductions are helping accelerate real-estate activity.VILLASArabian more...