The UAE’s top rank for safe investment is bolstering Dubai’s property sector

The UAE’s top rank for safe investment is bolstering Dubai’s property sector

- The UAE was ranked the seventh-best country to invest in globally in 2022

- Nearly 60% of prospective buyers and 80% of renters prefer apartments over villas

Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies, has observed a significant change in property preferences for both owners and tenants. The full-service company cites that despite the market’s evolution, the UAE’s real estate sector has continued to flourish with apartments now being an overwhelmingly preferred choice for investors and residents alike.

In March 2023, data showed that 59.7% of people wanting to purchase property were searching for an apartment, while only 40.3% displayed interest in villas and townhouses. The most commonly sought-after apartment size was two-bedroom units; this accounted for 34% of investors’ searches while one-bedroom units followed closely in second at 32%.

Similar findings were observed in Dubai’s rental segment during the same period but on an even larger scale. An eye-popping 79.8% of tenants searched for apartments and 20.2% were looking for villas and townhouses. Approximately 33.3% of tenants looking to rent showed a preference for one-bedroom units, while 30.4% scouted out two-bedroom units, and 29.4% looked for Studios.

Arash Jalili, Founder and Chief Executive Officer of Unique Properties, commented: “Rising