Dubai sees more owner-occupiers - report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

An increasing number of expats in Dubai are choosing to buy rather than rent according to a new report from the Unitas Consultancy.

A report released described a "paradigm shift" in Dubai’s real estate market. The report highlights Dubai Marina, Jumeirah Lakes Towers (JLT), The Greens, Arabian Ranches, The Springs and The Meadows where it say one in six transactions is for owner-occupier homes – double the rate of four years ago.

In The Meadows and The Springs 28 percent of homes are owned by mortgage holders and in Arabian Ranches the figure is 25 percent while The Greens reached 23 percent.

The report also highlighted what it calls the “renaissance” of JLT as “the preferred destination for the middle and middle-classes", where prices are catching up with neighbouring Dubai Marina, claimed Unitas.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Coming to America

Coming to America

As Barack Obama seeks to rebalance the bloated US economy, the...

Trump casino resort business files for bankruptcy

Trump casino resort business files for bankruptcy

The Donald founded the companies but is now suing them to have...

Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

Most Discussed
  • 13
    Has Narendra Modi already lost the plot?

    Gaja, You said it in one sentence. Anil can't comment because Modi is an elected leader. He can't comment because India is the biggest democracy. While... more

    Saturday, 28 March 2015 10:24 AM - Rafi
  • 12
    Nakheel PR: The toughest job in Dubai?

    To this day, Nakheel invoices out full year service charges in advance.

    They 'imply' in the text that these fees must be paid immediately. more

    Saturday, 28 March 2015 10:24 AM - Barry MCK
  • 6
    Drunk passenger who slapped air stewardess jailed in Dubai

    Its high time airlines ban alcoholic drinks on board or limit it to just one drink. There are many passengers who love the free alcohol and keep drinking... more

    Saturday, 28 March 2015 2:25 AM - Azk