Top 10 places in Dubai where Indians prefer buying apartments the most

After a noticeable slowdown, the real estate market in Dubai and Abu Dhabi picked up towards the fag end of 2016. The average price for apartments in Dubai dropped by a paltry 1.2% in October compared to the Q3 value, while the drop in Abu Dhabi was also significantly smaller at 0.7%.

This can be attributed to maturity of real estate sector. According to Bayut, the changes in the sale markets will have a positive bearing on the real estate market that is constantly fine-tuning its way towards maturity.

Speaking of Dubai, apartment rents across all bed categories averaged AED 124,000 in October 2016, exhibiting a 1% increase compared with the September 2016 figure. Studio apartments were the most sought after option during the month, posting gains in average rental value when compared with both September and Q3 2016 rates.

Indians also preferred buying apartments as compared to villas in Dubai. Around 46% properties were sold to Indians in which apartments were the top choice.

Bayut stated amid fluctuations in regional and western real estate markets, the UAE offered a relatively stable playing field to global investors looking for capital value growth and superior rental returns. Both Dubai and Abu Dhabi will continue to be regional real estate hubs and offer lucrative returns to anyone willing to have faith in their potential.

These are the top 10 popular localities in Dubai where Indians brought apartments as of October 2016