Indians in UAE: Rent or buy? Poll reveals big Dubai property moves

Indians in UAE: Rent or buy? Poll reveals big Dubai property moves - Emirates 24|7

The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.Around 60.80 per cent of Indians surveyed have been searching to buy a house in the past three months, out of which 82.86 per cent are interested in buying apartments, states Bayut.com, an online property portal.Among the sought-after localities are Dubai Marina, Downtown Dubai and Jumeirah Lake Towers (JLT), it adds.Only 13.71 per cent of Indians showed an interest in buying villas, while for townhouses the search was limited to 1.71 per cent. Dubailand, the Springs and the Meadows are among the favourite communities.Moreover, the survey disclosed that 39.20 per cent of Indians living in the country were seeking to rent in the past three months with apartments being the most desirable.Dubai Marina, JLT and International City are the favourite dwelling communities.Indians have invested Dh44 billion in Dubai?s real estate market in the last three years, including Dh18 billion in 2014, according to Dubai Land Department data.

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