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The upbeat sentiment of the UAE property sector has been underlined by a new survey conducted by global market research company YouGov, which revealed that 60% of investors expect Dubai’s real estate market to grow over the next 12 months. With over half of home buyers (54%) feeling positive about the continuing growth of the Dubai real estate market and a further three-fifths (58%) expecting an increase in sales and rental prices over the next year, all indications point towards a buoyancy in the residential market. The YouGov survey has shown that location is a significant factor in determining where investors purchase their properties in the Emirates. According to UAE residents, properties near public transportation are the most attractive and in demand (56%), followed by those close to grocery stores (44%), retail shopping malls (41%) and Mosques (37%). The study also revealed that studios and one bedroom apartments are growing in popularity in the UAE real estate market, with investors shifting their focus to smaller, affordable residential options.
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