The study concluded that the biggest market for Azizi Developments is the UAE, with more than half (52%) of its customers being Emiratis — followed by Saudi nationals at 25%, Indian nationals at 10%, Pakistani nationals at 4%, and the rest being from the GCC, Europe and China. In 2019, there has been a noticeable increase in demand from Saudi and Chinese nationals, with their proportion of purchases relative to other nationalities increasing by 8% and 5% respectively.

The study explores factors that govern property buying, including location and unit price, and reveals that the majority (68.5%) of property intenders purchase units as an investment, to rent them out.

Read more on: https://arabiangazette.com/dubai-property-trends-new-study-reveals-majority-buyers-purchase-to-rent-out/