Palm Jumeirah was top spot in value terms while Marina had the volumes
Dubai Marina and Business Bay retained their status as investor hotspots as overall property transactions in Dubai totalled Dh132 billion in the first half of 2017. This was done through 35,571 deals, and the amount represents a significant gain from the Dh113 billion recorded in the first six months of 2016, based on data from Dubai Land Department released Sunday.
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Though social media dominates the revolution of Internet in our daily lives, there are new domains such as search for cars, gadgets and movie reviews that are catching up fast.
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The new trend evolving quite fast among UAE residents is online search for properties as well as for areas where to live.
Nearly seven out of 10 buyers in the UAE search for available properties online and also check the value of their current home on different property portals using their mobiles and emails. While 65 per cent go online to search for areas where to live and information about taxes and regulations, according to a new research by HSBC.
Despite the fact that the UAE residents are lagging in terms of buying and renting properties through online property portals as compared to other developed markets, but this trend is catching up fast and they are increasingly becoming comfortable to buy and rent a home through "property technology" (PropTech) revolution which has now arrived in the UAE.