Dubai's mid-market properties in big demand

The rise of the mid-market property segment indicates a shift from a predominantly cash-based investor market to one of the mortgaged end-users.

The popularity of the mid-market property segment across Dubai, UAE, is on the rise, thus leading to a spurt in mortgaged residential property purchases, according to a report. Overall, the rise of the mid-market property segment indicates a shift from a predominantly cash-based investor market to one of the mortgaged end-users. The Dubai Land Department has announced an increase over the years as the demand and supply for mid-market housing has been on the rise for the past two years.

The most popular of the apartment communities are Dubai Marina, Jumeirah Lake Towers, Downtown Dubai, Jumeirah Village Circle and International City, stated dubizzle Property, a leading online property platform in the UAE, in its latest report providing insight into the Dubai residential market and recent trends. Akoya Oxygen, Mira Reem and The Villa are the most searched villa communities in Dubai apart from the more established upmarket communities Arabian Ranches and The Springs, it stated. Read more