Over half of Dubai property owners would sell their units this year, YouGov study shows

Over half of Dubai property owners would sell their units this year, YouGov study shows

Dubai: Almost two-thirds of Dubai property owners polled (64%) plan to sell their respective unit to take advantage of current market conditions and 52% would do so in the next 12 months in return for a good premium according to a YouGov survey commissioned by Metropolitan Homes, a new division of the Metropolitan Group focusing on Dubai’s secondary market and catering to end-users, investors and wealthy asset owners.

According to the same survey, which polled 300 UAE property owners during the first half of January, 90% of Dubai property owners would purchase another property in the emirate if they sold their existing one at a good premium. 83% said they made significant improvements since they bought their property with 15% of respondents spending over AED 500,000 to renovate their property.

Alina Adamco, Head of Sales, Metropolitan Homes, said: “The YouGov survey results are further indication that UAE homeowners are confident in Dubai as an established property market and that the level of planned activity in the secondary market will continue to fuel transaction volumes in the Emirate’s real estate sector. The survey also found 22% of the survey participants in the 45+ age group plan to retire and live in the UAE