Propertyfinder.ae reveals August 2009 UAE property hotspots

The survey is based on approximately 1 million property page views on over 20,000 properties seen by roughly 130,000 visitors to the website during the month of August 2009 and highlights changing activity in the UAE real estate market.

Commenting on the survey results, Marcello Sambartolo, Head of Marketing at Propertyfinder.ae, said:

"The usual suspects made up the top list again in August although a few areas have shifted position. Abu Dhabi hasn't really been discussed much, but rest assured, the Emirate is turning heads. Keep a close eye on the nation's capital as it is doing well considering the times."

Sambartolo added, "Some brokers in Dubai have actually reported more sales in the summer than in the spring of 2009. Fair enough as many have closed up and shipped off leaving the remaining brokers to get down to business. Another reason could be that it's simpler to go up when coming from a low point. Whatever the motive, there's some action."

"Others place the warm welcomed activity as a result of the buy/sell margin gap that is closing. What this means is the difference between what a seller is prepared to sell at is now getting closer to what the buyer is willing to pay. This makes for realistic negotiations leading to quicker and more transactions," he concluded.