Dh500K-3m Dubai properties hot

The UAE’s real estate market is getting hotter. More proof of the same was offered today by an online real estate listing portal, who claims to have seen a surge in its visitor numbers.

“The real estate market in the UAE is definitely on the up. We have seen a 186 per cent rise in visitor numbers to our site in Q1 of this as compared to the same period last year,” said Renan Bourdeau, Managing Director of propertyfinder.ae.

Bourdeau points out is that the vast majority of the site’s visitors are interested in properties worth Dh500,000 onwards until Dh3 million.

“One of the other more interesting indicators of this is the fact that people are seeking more properties in the higher price bands. According to our recent market study, two-thirds of the searches for properties are in the range between Dh500,000 and Dh3 million, which represents the most promising opportunity for developers and investors,” he noted in a media statement.

“2013 has witnessed a continued growth in the real estate market in general and specifically when it comes to new projects being unveiled and launched. Investor interest for property purchases is on the rise once again, so we feel that the timing is perfect for IPS [International Property Show],” he said.

 At the same time we are delighted to connect with developers, brokers and visitors to show what we currently offer and our plans for the future. We feel that this is a very exciting time both for the industry and for propertyfinder,” continued Bourdeau.

IPS is being held at the Dubai International Convention and Exhibition Centre, Dubai World Trade Centre, from April 30 to May 2, 2013.

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