JVC, Dubai Marina most preferred

The most searched areas by overseas property buyers in August 2017 were Jumeirah Village Circle, Dubai Marina, the Palm Jumeirah, Abu Hail and Downtown Dubai, according to a recent report by dubizzle Property.

"While recent local trends suggest that the interest of mid-market homes and newer areas are taking the spotlight away from the more mature areas, interest from foreign investors is more varied. There seems to be a healthy interest in the Dubai property market with the popularity of areas being distributed among more mature areas and newer, up-and-coming communities," said Barry Judge, general manager of dubizzle.

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In August, Indians topped the list of potential buyers, representing 19 per cent of the searches for property for sale, followed by Saudis (16 per cent), Brits (15 per cent), Americans (13 per cent) and Pakistanis (10 per cent).

Users based in Ireland, Egypt and Jordan also showed interest in the UAE property market with around eight per cent, six per cent and three per cent of the visits respectively. Kuwait users registered around 2.4 per cent of the total foreign visits for property for sale on dubizzle, followed by two per cent of the visits from Germany.

Source: Khaleej Times