01 February 2016, Dubai: Cutting edge Dubai real estate portal PropertyTrader.ae – has revealed that the top three area searches by buyers for January 2016 combined took up nearly 60 per cent of all searches – they are Dubai Marina, Downtown Dubai, and Palm Jumeirah.
PropertyTrader.ae – which, although only established in 2014, already has 300,000 visitors a month – expressed surprise that just three locations took such a huge share of the online activity from potential real estate buyers, and believe it is a side effect of the market reaching a plateau.
“It is no secret that the property market right now is a little slow due to low oil prices and a few other factors, and I think many investors are scenting a bargain, with the chance to make a fortune when things pick up later down the line,”Umer Ali Umer Ali, Sales & Marketing Director, PropertyTrader.ae.
“When we looked at January’s reports to get a feel for any possible trends in 2016, we were a bit surprised to see Dubai Marina, Downtown Dubai, and Palm Jumeirah properties take a huge 60 per cent of all searches of property to buy."
“These areas have always been popular for the lifestyle and facilities they offer, and that won’t change, so I believe this accounts for this sudden surge in interest – who doesn’t want to grab a bargain?”
Dubai Marina saw the most searches on PropertyTrader.ae with 23% of all searches in January 2016 for property to buy, followed by Downtown Dubai with 21%, and Palm Jumeirah with 15%.
Notes for Editors
Although only launched in 2015, PropertyTrader.ae is already one of the leading online real estate portals in the UAE, providing all property hunters in the middle and upper tiers of the market with up-to-date residential and commercial listings that enable them to make informed decisions.
PropertyTrader.ae provides resources for consumers and real estate professionals to help explore all stages of the home leasing and home buying process. The tools on the property portal provide an effective medium for users looking to buy, sell, rent or let quality properties, and gives access to financial advice for efficient use of resources.
The company is dedicated to ensuring visitors considering a purchase have access to all the properties advertised by the top real estate and letting agents across Dubai. Whether selling or buying, PropertyTrader.ae helps people get the maximum from the deal by connecting them to a large number of potential customers, both in the UAE and overseas.
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