The Springs, voted the best hotspot for purchase or rent: UAE

[LahoreEstate]

The Springs has been voted as the best hotspot for purchase or rent of property in Dubai during the month of February, reveal the latest findings by the property portal propertyfinder. ae.

The Springs accounted for more than 22 percent rental inquiries during the month, and 13 percent of the total inquiries in February.

The findings reveal that both buyers and renters are looking to move further out of traditional residential hubs in Dubai, to locations such as the Jumeirah Lake Towers, The Springs, and the Discovery Gardens.

The Head of Marketing at propertyfinder, Marcello Sambartolo, said that this survey has revealed interesting statistics, as a total shift in rental interest is noticed towards new residential areas such as Jumeirah Lake Towers and Discovery Gardens, where the rents are more competitive.

According to the data, there is an interest from end-users seeking to invest in Dubai real estate, as it is offering opportunities to capitalize on the drop in housing prices.

The hot spots for Feb'09 are:

To buy (Feb 2009):
1. The Springs - 13.52%
2. Jumeirah Lake Towers - 11.21%
3. Dubai Sports City - 8.03%
4. International City - 8.69%
5. Dubai Marina - 7.85%

To rent (Feb 2009)
1. The Springs 22.69%
2. Discovery Gardens 19.28%
3. The Lake 8.75%
4. Dubai Marina 7.72%
5. Arabian Ranches 6.66%
Labels: Latest News, Market Trends, Rentals

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