Dubai Marina tops Q1 property search trends

07/08/2012 - Dubai Property News
Dubai Marina tops Q1 property search trends

Dubai Marina emerged the most searched property area in Dubai in the first quarter of this year, according to a new study by Bayut. At the end of Q1, a total of 69,351 people visited the property portal to look for properties for sale in Dubai Marina, the chosen location for The First Group’s next hotel apartment development, TFG Marina Hotel. Downtown Dubai was the second most popular searched area, while nearby Jumeriah Lake Towers came in third – both with considerably less search hits than the Dubai Marina area.

Meanwhile, Dubai as a whole outperformed other real estate markets around the worldwide, according to the Knight Frank Prime Global Cities Index. Dubai was also hailed by a recent Merrill Lynch report as "one of the best GCC (Gulf Cooperation Council) cities" in which to do business, thanks to its thriving retail and tourism sector. The US investment bank reported that the creation of new jobs would boost Dubai’s population by 6.1% over the next 8 years, This in turn would have a major impact on the city’s real estate sector, making the next few years a great time to invest in property in Dubai.