Dubai Marina has retained its position as the most sought-after location for real estate buyers and renters, according to a new report.
Propertyfinder.ae, the UAE-based online property portal, released the latest findings in its 2013 Quarter 3 report which revealed the top five most searched locations in the emirate, based on over two million visitors.
It said the top five most searched locations to rent were Dubai Marina, Jumeirah Lake Towers, Palm Jumeirah, Downtown Dubai and The Springs.
The report also revealed the growing popularity of Dubai Sports City, which jumped several notches from 18th position in 2012 to secure the 11th spot this year.
"Today’s house hunters are deal seekers, so with rents in Dubai’s key communities rising and future stock expected to be delivered in emerging communities such as Dubailand and Dubai Sports City, rental demands in these areas are seeing an upswing," the report noted.
It also showed that while Reem Island remains the most searched community in Abu Dhabi, Mohamed Bin Zayed City appears on the top 10 list for the first time, taking ninth place.
"The appearance of a newer community in Abu Dhabi is probably due to the increasing tenant demand with the relocation of over 20,000 public sector workers and their families to the capital,” said Renan Bourdeau, managing director, propertyfinder.ae.
"Choosing to buy a home or continuing to rent is a highly personal financial decision that many people are wrestling with right now,” he said, adding: “In the wake of rising sale prices and rents, this report will provide consumers information about current marketplace conditions and help them make informed decisions.”
Commenting on Dubai Marina's continuing popularity, Bourdeau said: “With stunning views across the bay, proximity to some of the best hotels, restaurants and malls and easy access to Dubai Media and Internet City and transportation links, it is easy to see why apartments in this part of town continue to be in such high demand."
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