Dubai Marina ‘continues to attract buyer interest’
Millennials and small families eyeing locality for hot property deals, says propertytrader.ae
Dubai Marina continues to see strong interest from buyers, especially those in the middle income category, despite the sluggish property market in the emirate as a whole, according to research by propertytrader.ae.
The real estate portal said in a statement that Dubai Marina occupied the top spot for buyer searches in the third quarter of the year and has featured in the top three positions for all ‘property to buy’ searches throughout 2016, despite what has been a subdued year for the local property market.
“As one of the original waterfront developments in the region, Dubai Marina continues to attract interest due to its glamorous moored yachts, and top notch shopping and leisure facilities,” said Umer Ali, sales director at propertytrader.ae.
“Through 2016 we have seen the community dominate the buyer searches on our portal, which we believe is also down to the amount of good deals up for grabs. Indeed, in 2016 there are encouraging signs of interest in actually owning a home by youngish professionals – the elusive millennial generation – and middle income small families.”
Ali added that the off-plan market for Dubai Marina is hotting up too, following recent launches such as the one by Select Group of its Studio One project – a 31-storey tower featuring 158 studios, 158 one-bedroom apartments and 84 two-bedroom units, with starting prices from Dh574,000 designed to appeal to younger people wanting to get on the property ladder.
