Dubai real estate expects an increase in demand of properties with up to 66% tenants direct their interest in buying a house in coming months, according to a survey. Investors are also seeking homes to purchase in Dubai for capital growth.
Desire to purchase a home and rising rents are the key factors behind the increase in demand of property while high returns are the area of interest for investors. 56% of buyers are aged between 28 to 43, while 29% of audience is aged between 44 to 59.
Source: Expo City Dubai
Security, spacious spaces and shortened commute times are other reasons for residents to look for their home.
Dubai Hills Estate, Dubai Marina, Downtown Dubai are top areas for investors and tenants alongside Business Bay and Arabian Ranches.
Tenants expects a further increase in rent around 5-10%, driving them to purchase home in Dubai while 30% assume the rents to rise even further.
Tenants show interest towards a home with a guest bed and maid followed up with comfortable amenities including fitness centre, gym, swimming pools, children play area, green spaces within the community.