Dubai Marina is most sought after property

Real estate website reveals that almost one in five searches target the Marina

Dubai Marina has emerged as the most sought-after area for people looking to buy and rent property online, according to the real estate website Propertyfinder.ae.

The website’s report, covering the third-quarter period, found that 19.2 percent of all sale searches, and 16.8 percent of all rental searches were for Dubai Marina.

Palm Jumeirah and Jumeirah Lakes Towers also proved popular as real estate prices and rents across the emirate continue to decline.

Earlier this week, Reidin.com’s latest September Sales Price Index revealed that prices of apartments fell by 2.43 percent, while villas were down 2.40 percent, compared to the month earlier.

According to the Propertyfinder report the majority of buyers were searching for two bedrooms or more, while searches for studios were “almost nonexistent”.

Behind the Dubai Marina, Palm Jumeirah and Jumeirah lakes Towers, Arabian Ranches and Downtown Dubai were most searched for areas.

The top price search increased to Dhs2.5m for the first time this year, however on the most part buyers’ budgets were set around the Dhs1.5m mark, the report said.

Read the full version of this story on arabianbusiness.com.

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