Average studio nearly AED1m

29.07.2014
Asking prices for a studio in Dubai are now at AED959,000 while the average price for a one-bedroom apartment is AED1.7 million; Dubai Marina still appears to be the top-searched area for prospective buyers. Studio apartments in Dubai are now priced at an average of AED959,000, according to new research by the UAE's property search website propertyfinder.ae.
ConstructionWeekOnline.com said that an average one-bedroom flat now costs about AED1.7 million while a two-bedroom apartment carries an average price tag of AED3 million.
The research carried out by the website also found that Dubai Marina is the most searched community among prospective buyers; the average apartment price there is AED2.8 million and AED8.5 million for a villa.
"Dubai Marina has been at the top of our rankings for over two years now - no small feat in a city like Dubai where new developments are being launched every other week. The community is where everything is at - business centres, beaches, entertainment, gorgeous views, stylish pads and hip nightlife," said Renan Bourdeau, deputy CEO of propertyfinder.ae.
Bourdeau added that Dubailand is the next area growing in popularity among prospective buyers, claiming fourth spot in the second quarter of 2014 despite not figuring in the top 10 two years ago. Asking prices for apartments in Dubailand stand at AED1mn while villas cost AED5.3mn.

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