(MENAFN- Khaleej Times) The analysis was based on over 2000 moving requests made by uae residents from october 2013-march 2014.
movesouq.com a dubai-based comparison site for moving and storage companies has recently released a report around moving activity in dubai and abu dhabi.
the analysis was based on over 2000 moving requests made by uae residents from october 2013-march 2014. the analysis identified 15 areas in dubai which account for 67 per cent of all moving activity within the emirate with dubai marina at no. 1. of those 15 the top four areas are dubai marina jumeirah lakes towers downtown and jumeirah village which account for more than 25 per cent of all the moving activity in the past six months.
the report also found that dubai marina jumeirah lakes towers discovery gardens and gardens and business bay saw more people moving out than people moving into these areas. this trend could be due to saturation of these areas and rising rent prices. further analysis showed newly-developed areas of jumeirah village and dubailand experiencing the opposite whereby more people moved into these developments than moved out. the results also show that the more exclusive areas of downtown and emirates hills had an equal “move in” and “move out” rate.
movesouq.com ceo bana shomali said “the report is one of the first that is issued to present some real data on real estate trends in the uae. with so much speculation in the real estate market hard data is vital as a predictor of economic and social trends.”
— alvin?khaleejtimes.com
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