New Market Demand Data is premiering in the MENA region and unveiling the nuances of what types of properties consumers desire and where.
Property Finder, leading regional portal in UAE, recently launched its own market data analysis sub-firm, known as Data Finder. Now releasing its latest report, figures show that the latest sales and rental numbers as of February 2020 imply a solid balance between the most popular areas searched by both buyers and sellers. Each list is crowned by Dubai Marina's classic skyscrapers, closely followed by the luxury residences of Downtown Dubai.
The Data Finder platform will be available at no cost to real estate professionals for a full month.
Ari Kesisoglu, President of Property Finder, commented:
“Being the market leader means we have access to more data than any other company servicing the emirate’s real estate sector, and we are delighted to share our insights. Our inclusion of asking prices and transaction prices will also help generate better understanding of short term pricing fluctuations – and encourage buyers to put sensible offers in.”
From the current data, it appears that the majority of transaction prices continue to average below the asking prices – sometimes by quite a bit.