The government authorities are reporting an increase in property transactions in Dubai and the property developers are carefully launching new projects in the most promising areas of the emirate. With such developments in process, Bayut reveals the most popular areas for buying apartments in Dubai in October 2016, in order to assist home buyers and investors in making educated investment decisions.
Dubai Marina
Per our stats, Dubai Marina was the most popular locality for buying apartments during October 2016. The locality that features luxurious apartments in all sizes and categories took home 14% of the total search hits landing on property listings for buying properties in Dubai. Buyers have the added benefit of utilising the exclusive yacht docking areas purpose-built for people seeking a high-end lifestyle in the emirate.
Jumeirah Lakes Towers
With 8% of the total search hits, Jumeirah Lakes Towers was the second most popular locality for buying apartments in Dubai during October 2016. The locality is situated just across Sheikh Zayed Road from Dubai Marina and is a comparatively affordable high-end residential locality. JLT enjoys Dubai Metro stations on both its ends and is therefore quite popular among the white collar expats of Dubai.
Downtown Dubai
The third most searched locality for buying apartments was Emaar’s masterpiece Downtown Dubai. The home of Burj Khalifa took home 7% of the total search hits for the tenth month of 2016 despite its high-end residential apartments featuring a hefty price tag. Possible reasons for such heightened activity could be termed as the timely completion of Dubai Water Canal.
Business Bay
Speaking of the rapid development of Dubai Water Canal, Business Bay was found to be getting its due share of attention among property buyers. The locality took the fourth spot on our list for October after bagging 5% of the total search hits.
Dubai Sports City
A suburban locality, Dubai Sports City outclassed down popular developments such as Palm Jumeirah, Dubailand and Bur Dubai to become the fifth most popular locality for buying apartments in Dubai. The locality received 5% of the total search hits for buying apartments in October 2016 and was the only suburban locality to get featured among the top apartment buying localities in the outgoing month.