· dubizzle Property showcases the Top 10 foreign nationalities using the platform to buy property in the UAE in August 2017

· On a monthly average, 19% of the foreign visits to dubizzle Property are recorded from India, followed by 16% coming from KSA and 15% from the United Kingdom

· The most searched areas by overseas dubizzle Property users in August 2017 were Jumeirah Village Circle, Dubai Marina and the Palm Jumeirah

· In line with the UAE vision 2021, dubizzle Property is facilitating the flow of foreign investments to the UAE while also helping create a sustainable environment

Dubai — dubizzle Property, the UAE’s biggest online property platform, reveals insights on foreign interest in the UAE real estate market at GITEX 2017. The report sheds light on the most active international users on the platform, as well as the most popular areas in Dubai amongst foreign investors.

With over 200K live property listings at any given time, dubizzle Property provides local and international property seekers with a transparent platform to search for their next investment in the UAE. dubizzle Property receives an average of 3.7 million visits each month.

Around 19% of the foreign visits were recorded from users based in India, followed by 16% from Saudi Arabia, 15% from the United Kingdom, 13% of the visits from the United States and 10% from Pakistan. Users based in Ireland, Egypt and Jordan also showed interest in the UAE property market with around 8%, 6% and 3% of the visits respectively. Kuwait users registered around 2.4% of the total foreign visits for property for sale on dubizzle, followed by 2% of the visits from Germany. dubizzle also tracked the top nationalities that search the platform for property for sale from investors based in the UAE in August 2017, which resulted in UAE nationals, Lebanese and Chinese investors making it to the list in addition to the 10 nationalities mentioned above.

This is in line with the top 10 nationalities investing in property in Dubai over the past 18 months with a total transactions value worth AED 151 billion, which are India, Pakistan, KSA, UK, Egypt, Jordan, China, Lebanon and USA as recently revealed by the Dubai Land Department, reinforcing dubizzle position as a key platform and resource for foreign real estate investors.

As part of the UAE Vision 2021 National Agenda to create a competitive knowledge economy through different indicators such as driving the growth of the non-oil economic sector, as well as growing the flow of foreign direct investment, dubizzle is facilitating business for international investors through its platform.

“We have always had a large number of international users that utilize our platform to find out what is currently available in the market. Through dubizzle Property’s tools such as the ‘dubizzle estimate’ average property cost calculator and 360 virtual reality property tours, investors get a transparent view to support their purchasing decisions,” commented Barry Judge, General Manager of dubizzle.

The most searched areas by overseas dubizzle users in August 2017 were Jumeirah Village Circle, Dubai Marina, the Palm Jumeirah, Abu Hail and Downtown Dubai.  

“Whilst recent local trends suggest that the interest of mid-market homes and newer areas are taking the spotlight away from the more mature areas, interest from foreign investors is more varied. There seems to be a healthy interest in the Dubai property market with the popularity of areas being distributed amongst more mature areas and newer, up-and-coming communities, instilling confidence in the market,” added Judge.

In line with the UAE vision 2021 to ensure sustainable development while preserving the environment, and to achieve a perfect balance between economic and social development, every time a transaction is made on dubizzle, it ignites a sustainable behavior. In 2016, residents of the UAE exchanged around 1.5 million items through dubizzle giving products a second life and reducing the UAE’s ecological footprint by over 3.26 million tons of CO2 emissions, which is equivalent to around 85 million trees grown for a period of 10 years, which is double the number of Palm trees in the UAE.

dubizzle was at Gitex 2017 as a special guest at the Dubai Internet City (DIC) Stand as the only home-grown brand. dubizzle and DIC has worked together in promoting a Knowledge Economy for Dubai according to HRH vision for 2021. Dubai Internet City was displaying some of the great work and innovation that is happening within the DIC community across several its partners’ innovation centers and inside its accelerators and incubators. More than just the sum of these parts, Dubai Internet City continues to bring together its partners’ innovations and smart solutions to collaboratively shape and drive the cities of the future and translate the Smart Dubai Initiative into action.

-Ends-

© Press Release 2017