Many UAE renters upgrading to larger properties
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Many UAE renters upgrading to larger properties

Many UAE renters upgrading to larger properties

Over a third of current UAE residents have opted to switch homes in the last year, with many opting for larger rental properties, according to a new YouGov Siraj Omnibus survey conducted in June. About a third (35%) of UAE residents feel the real estate outlook will improve in 2011 (compared to 32% who feel it will deteriorate and 21% who believe it will stay the same). As cautious optimism emerges, UAE residents are taking advantage of rent dips to upgrade their accommodation. Forty percent of those who now live in a 2-bedroom property lived in a 1-bedroom unit in the previous year and 46% of those who live in a 3-bedroom property upgraded from two bedrooms.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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