2013 Real Estate Report - Q2

• The latest property trends in the UAE • See the property search habits of renters and buyers • Find out which areas are on the up and which are going down • Essential reading for investors, brokers, buyers and renters • Compiled using data from the UAE’s largest real estate portal BUY appears forthefirsttimeintop20ranked16thposition. developmentAlBarari • Newlycompletedandreleasedluxury and hasnowjumpedto6thposition. instance, JumeirahVillage Circleranked10ththistimelastyear reasonably.in highdemandandarestillpricedvery For • Communitiesthathaverecentlybeencompletedareproving LakeTowers. on top,followedbyPalmJumeirah,DowntownDubaiandthen remains thesamesincethistimelastyearwithDubaiMarina inDubai • Thetop4mostsearchedlocationstobuyaproperty Highlights • Highlights AUH -Top Views 5BuyLocationsbyProperty DXB -Top Views 10BuyLocationsbyProperty The report hasbeenbrokendownintothebuysection(inred)andrentalblue)withsubcategoriesineachsegment. The report • • from: onpropertyfinder.ae. istoshowcasethetrendsandhabitsofthosesearchingforaproperty The aimofthisreport Thedataderives Introduction • SalamStreet • NuraiIsland • KhalifaCity • HydraVillage • SaadiyatIsland • AlRahaGoldGardens • AlRahaGardens • AlRahaBeach • AlReemIsland • AlReef • JumeirahBeachResidence City • DubaiSports • TheSprings • • JumeirahVillage Circle • ArabianRanches • JumeirahLakeTowers • DowntownDubai • PalmJumeirah • DubaiMarina Top 3mostsearchedlocationsto buyinAbuDhabihave viewed Over 120millionproperties Over 1.8millionvisitors 4.81% 5.98% 4.06% 8.81% 6.31% 8.80% 3.84% 18.19% 5.88% 3.38% 3.78% 7.57% 3.13% 1.84% 1.82% 0.51% 22.42% 10.19% 18.08% 25.10% Over150,000 properties listed • Over150,000properties • Over3,000licensedrealestatebrokers due todevelopersmentioninganinterest. excess supplyandnoamenities,howeverthistrendmayreverse time lastyearto17ththisquarter, possiblyduetolowrent, Cityisonthedownfallfrom15thpositionthis • International by AlReemIslandin2ndposition andAlRahaBeachin3rd. withAlReefastopfollowed remained thesamesincelastquarter AUH -LocationSearchTerms BUY -LocationSearchTerms 1 10 9 8 7 6 5 4 3 2 1 20 Greens 19 18 17 16 15 Meadows 14 13 12 11 10 9 8 7 Dubailand 6 5 4 3 2 Marina Salam Street Nurai Island Khalifa City Hydra Village Saadiyat Island Al RahaGolfGardens Al RahaGardens Al RahaBeach Al ReemIsland Al Reef Old Town Jumeirah Village Triangle City International Al Barari Dubai SiliconOasis Hills Jumeirah Park Jumeirah BeachResidence City Dubai Sports The Springs Jumeirah Village Circle Arabian Ranches Jumeirah LakeTowers Downtown Dubai Real Estate Report –Q22013 Real EstateReport

Property ViewsProperty Property ViewsProperty 18.08% 18.19% 22.42% 25.10% 10.19% 1.54% 2.13% 4.06% 0.51% 1.82% 1.84% 3.78% 5.88% 8.80% 8.81% 1.70% 1.70% 1.81% 1.97% 2.15% 2.27% 2.81% 2.98% 3.13% 3.38% 3.84% 4.81% 5.98% 6.31% 7.57% Real Estate Report –Q22013 Real EstateReport RENT 8.02% 6.31% 5.28% 4.12% 3.56% 3.48% 2.84% 8.29% 6.21% 5.70% 5.19% 4.61% 4.59% 4.24% 3.79% 3.64% 3.02% 2.64% 2.51% 2.45% 2.42% 2.41% 2.38% 1.97% 1.83% 1.62% 16.95% 13.00% 10.87% 17.82% Property Views Property Views

Real Estate Report Estate Real 2013 – Q2 Al Khalidiya Corniche Road Al Bateen Al Raha Gardens Muroor Area Corniche Area Al Reef Khalifa City Al Raha Beach Palm Jumeirah Downtown Dubai The Springs Arabian Ranches Al Barsha Dubai Sports City Circle Jumeirah Village Umm Suqueim International City Business Bay Discovery Gardens Jumeirah Park Al Reem Island Towers Jumeirah Lake 5 6 7 8 9 10 2 3 4 3 4 5 6 7 Dubailand 8 9 Jumeirah 10 11 12 13 14 15 Mirdif 16 17 Greens 18 19 20 Deira 1 1 2 RENT - Location Search Terms - Location Search Terms RENT - Location percentage points. This probably down to just the huge volumes of newer projects being introduced in the area. from the top see Saadiyat Island completely dropping • We 10, likely to be due to more complete units being handed over and on the market. Dubailand was ranked 15th this time last year and is now • Dubailand was ranked 15th this time last to the project positioned in 7th place. This probable, due so interest in the area becoming complete and being released has become stronger. 13.00% 17.82% 16.95% 8.29% 2.84% 6.21%

10.87% 3.64% 3.48%

3.56% 3.79% 5.70%

8.02% 4.12% 4.24% 5.28%

6.31%

5.19%

4.59% 4.61%

Al Raha Gardens Muroor Area Al Raha Beach Al Khalidiya Corniche Road Al Beteen Al Reem Island Al Reef Corniche Area Khalifa City • • • • • • • • • • • Dubai Marina • Jumeirah Lake Towers • Palm Jumeirah • Downtown Dubai • The Springs • Arabian Ranches • Dubailand • Al Barsha • Jumeirah • Jumeirah Beach Residence - Top 5 Rent Locations by Property Views AUH - Top - Top 10 Rent Locations by Property 10 Rent Views DXB - Top JBR has dropped from 7th last quarter to 10th this quarter. • JBR has dropped from 7th last quarterto 10th this quarter. issues the This probably due to the huge construction of beach access and community is experiencing and the loss views of the sea for residents. This quarter last year, Dubai Marina was responsible for • This quarter last year, nearly 18% showing 15% of searches and has now jumped to the community is as ever growing in popularity. The top 3 most searched locations to rent interestingly • The top 3 most searched locations to rent Marina on changed from this time last year with Dubai Lake Towers. top, followed by Palm Jumeirah and Jumeirah Downtown touched in last quarter its top 3 ranking this but lost quarter followed by Jumeirah Lake with Dubai Marina on top, and then Palm Jumeirah. Towers, Highlights Highlights • The top 3 most searched communities to rent in Abu Dhabi with Al Reem Island in 1st is the exact same as last quarter, position, Al Reef in 2nd and Khalifa City in 3rd. This time last year however Al Raha Beach was top searched location in Abu Dhabi and has now dropped to 4th place dropping nearly 6 BUY property searchesare definitelyonthedecrease. property nearly 3percentagepointssince lastyearprovinglowerpriced • that havebeensellingoutwithin24hours. We projectsinthenews haveseenthismostrecentlywiththeluxury meaning usersarelookingtospendmoreonhigherendproperties. the searchengineshighestoption,isnowrankingin3rdposition pricedAED10,000,000 andmore, Interestingly though,properties and AED1,000,000-1,500,000followingin2ndposition. year withAED500,000-1,000,000bankingmostpopular • Highlights The lowest price bracket of AED 0 - 500,000 has dropped ThelowestpricebracketofAED 0-500,000hasdropped Mostsearchedpricebrackettop2remainsthesamesincelast • 4,000,000-4,500,000AED • 3,500,000-4,000,000AED • 3,000,000-3,500,000AED • 0-500,000AED • 2,500,000-3,000,000AED • 2,000,000-2,500,000AED • 1,500,000-2,000,000AED • 10,000,000AEDandmore • 1,000,000-1,500,000AED • 500,000-1,000,000AED UAE -Top Views 10BuyPriceBandsbyProperty 8.67% 5.88% 9.03% 5.38% 5.18% 10.45% 3.08% 12.43% 13.22% 12.73% BUY -PriceBand 1 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 500,000 -1,000,000AED 9,000,000 -9,500,000AED 8,500,000 -9,000,000AED 8,000,000 -8,500,000AED 7,500,000 -8,000,000AED 7,000,000 -7,500,000AED 6,500,000 -7,000,000AED 6,000,000 -6,500,000AED 5,000,000 -5,500,000AED 5,500,000 -6,000,000AED 4,500,000 -5,000,000AED 4,000,000 -4,500,000AED 3,500,000 -4,000,000AED 3,000,000 -3,500,000AED 0 -500,000AED 2,500,000 -3,000,000AED 2,000,000 -2,500,000AED 1,500,000 -2,000,000AED 10,000,000 AEDandmore 1,000,000 -1,500,000AED

Real Estate Report –Q22013 Real EstateReport Property ViewsProperty 13.22% 10.45% 12.43% 12.73% 0.61% 0.68% 0.89% 0.99% 1.20% 1.24% 1.27% 1.76% 2.17% 2.70% 3.08% 5.18% 5.38% 5.88% 8.67% 9.03% Real Estate Report –Q22013 Real EstateReport RENT 9.28% 8.32% 8.23% 6.97% 5.80% 4.97% 3.93% 3.74% 3.34% 2.66% 1.81% 1.80% 1.65% 1.53% 1.32% 0.55% 0.42% 12.58% 10.90% 10.19% Property Views Real Estate Report Estate Real 2013 – Q2

140,000 - 160,000 AED 40,000 - 60,000 AED 160,000 - 180,000 AED 180,000 - 200,000 AED 20,000 - 40,000 AED 200,000 - 220,000 AED 220,000 - 240,000 AED 240,000 - 260,000 AED 300,000 - 350,000 AED 500,000 AED and more 260,000 - 280,000 AED 0 - 20,000 AED 350,000 - 400,000 AED 280,000 - 300,000 AED 400,000 - 450,000 AED 450,000 - 500,000 AED 60,000 - 80,000 AED 120,000 - 140,000 AED 100,000 - 120,000 AED 80,000 - 100,000 AED 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2 3 4 1 RENT - Price Band 10.90% 10.19% 12.58%

3.93% 9.28% 4.97% 8.32% 5.80% 8.23% 6.97% The most searched price band in the UAE is • 80,000 - 100,000 AED • 60,000 - 80,000 AED • 120,000 - 140,000 AED • 100,000 - 120,000 AED • 140,000 - 160,000 AED • 40,000 - 60,000 AED • 160,000 - 180,000 AED • 180,000 - 200,000 AED • 20,000 - 40,000 AED • 200,000 - 220,000 AED - Top 10 Rent Price Bands by Property Views UAE - Top • This time last year properties priced AED 40 - 60,000 were 3rd most popular searched in the UAE and now are ranked 6th losing over 2 percentage points. AED 80 - 100,000. • Highlights BUY together responsible forover50%ofsearches. intheUAE areJumeirahLakeTowersproperty andBusinessBay, The2most prevalentareassearchedtobuycommercial • Highlights 2 bedroomsstillremainmostpopular. • Highlights the same since last year with apartments stillontop. the samesincelastyearwithapartments intheUAEremain • Thetop4mostsearchedtypesofproperty Highlights UAE -Top Views 10CommercialLocationsbyProperty UAE -Top Types 5BuyProperty Views byProperty UAE -Top Views 10BuyBedroomsbyProperty No great changes in the top 10 since last quarter orlastyear. Nogreatchangesinthetop10sincelastquarter • AlReemIsland • DubaiMarina • DowntownDubai • DubaiInvestmentPark • OldTown • DIFC • Tecom • JebelAli • BusinessBay • JumeirahLakeTowers • Compound • Bungalow • BulkSaleUnits • WholeBuilding • Land • Duplex • Penthouse • Townhouse • Villa • Apartment • - • 7bedroom • 7+bedroom • 6bedroom • Studio • 5bedroom • 4bedroom • 1bedroom • 3bedroom • 2bedroom 5.05% 36.88% 5.12% 13.09% 4.75% 5.12% 9.47% 4.67% 4.60% 6.36% 18.37% 2.79% 3.07% 2.21% 0.73% 4.18% 22.40% 1.51% 2.25% 0.72% 0.52% 0.98% 0.21% 0.57% 0.15% 0.07% 21.66% 23.81% 28.46% 55.64%

searches. andvillasareresponsiblefornearly93%of • Apartments BUY -COMMLocationSearchTerms BUY -Bedrooms - Property TypeBUY -Property 10 9 8 7 6 5 DIFC 4 Tecom 3 2 1 10 - 9 7 8 7+ 7 6 6 studio 5 4 3 1 2 3 1 2 10 Compound 9 Bungalow 8 7 6 Land 5 Duplex 4 Penthouse 3 Townhouse 2 Villa 1 Apartment Al ReemIsland Dubai Marina Downtown Dubai Dubai InvestmentPark Old Town Business Bay Jumeirah LakeTowers Bulk SaleUnits Whole Building Property Views Property

Real Estate Report –Q22013 Real EstateReport Property Views Property

Property Views Property 22.40% 28.46% 13.09% 18.37% 21.66% 23.81% 36.88% 55.64% 5.05% 5.12% 2.25% 3.07% 4.60% 4.67% 4.75% 5.12% 0.57% 0.98% 1.51% 4.18% 6.36% 9.47% 0.07% 0.15% 0.72% 0.73% 2.21% 2.79% 0.21% 0.52% Real Estate Report –Q22013 Real EstateReport RENT 0 8.35% 7.47% 1.96% 0.62% 0.23% 0.05% 4.48% 4.38% 4.17% 3.56% 3.51% 3.42% 2.70% 5.14% 0.03% 0.03% 0.03% 0.01% 2.06% 0.61% 0.47% 0.04% 27.15% 21.34% 21.08% 11.75% 22.93% 20.69% 64.40% 32.33% Property Views Property Views Property Views Real Estate Report Estate Real 2013 – Q2

Dubai Marina Dubai Media City Sheikh Zayed Road Dubai Investment Park Jumeirah Lake Towers Al Quoz Business Bay Whole Building Bulk Rent Units Full floor Labor Camp 1 2 2 3 3 1 4 4 5 5 6 studio 7 6 8 7 9 7+ 10 - 5 6 DIFC 7 8 Jumeirah 9 10 2 3 Tecom 4 1 8 9 10 11 Bungalow 1 Apartment 2 Villa 3 Townhouse 4 Duplex 5 Penthouse 6 Compound 7 RENT - COMM - Location Search Terms RENT - Bedrooms RENT - Property Type 3 bedrooms. However, this quarter rank in 3rd 1 bedrooms 3 bedrooms. However, position with 3 bedrooms taking 2nd place. last quarter• Studios have dropped in ranking since losing nearly 1.5 percentage points.

with apartments featuring as most searched. All areas are fully developed and reasonably priced so are extremely attractive to particularly small to medium sized enterprises. 22.93% 27.15% 64.40% 21.34% 0.03% 0.03% 0.03% 0.01% 0.04% 10.05% 0.23% 0.47% 20.69% 1.96% 0.61% 2.06% 2.70% 7.47% 3.42% 21.08% 3.51% 8.35% 3.56% 32.33% 11.75% 5.14% 4.17% 4.48% 4.38% - Top 5 Commercial Locations by Property Views UAE - Top - Top 5 Rent Property Types by Property Views 5 Rent Property Types UAE - Top • Business Bay • Jumeirah Lake Towers • Tecom • Al Quoz • Dubai Marina • DIFC • Dubai Media City • Jumeirah • Sheikh Zayed Road • Dubai Investment Park • Apartment • Villa • Townhouse • Duplex • Penthouse • Compound • Labor Camp • Whole Building • Bulk Rent Units • Full floor • 2 bedroom • 3 bedroom • 1 bedroom • 4 bedroom • 5 bedroom • Studio • 6 bedroom • 7 bedroom • 7+ bedroom • - - Top 10 Rent Bedrooms by Property 10 Rent Views UAE - Top Highlights remained the • Ranking for searches by number of bedrooms this time last quartersame from this time last year right up until bedrooms and then as 2 bedrooms were top, followed by 1 • The top 3 most popular searched types of property to rent in and quarter-on-quarter the UAE remains the same year-on-year Highlights Highlights • The top 3 most searched areas to rent commercial space in and Tecom. Jumeirah Lake Towers the UAE are Business Bay, To get additional information about this report or related topics, please contact: propertyfinder.ae office PROPERTYFINDER FZ LLC Office 1509 Shatha Tower, Dubai Media City Dubai, UAE PO Box 50954 T: +971 4 454 8464 F: +971 4 454 8463 W: www.propertyfinder.ae

Managing Director Renan Bourdeau [email protected]

Commercial Director Lukman Hajje [email protected]

Marketing Director Bharat Kumar [email protected]

The purpose of this report is to showcase the trends and habits of those searching for a property on propertyfinder.ae.

About propertyfinder Group of online portals: Established in 2007, propertyfinder.ae, propertyfinder.qa and propertyfinder.eg is the leading group of property portals across the Middle East. A winner of the ‘Dubai SME 100’ and the ‘Arabia Fast Growth 500’ awards in 2012, and with offices in the UAE, Egypt and Qatar, the propertyfinder group is one of the fastest growing companies in the region and the property portals of choice. With a focus on creating the largest real estate community of buyers, sellers, renters, brokers and developers in both English and Arabic, they provide visitors with comprehensive search facilities covering residential and commercial properties alongside complementary tools and information built on our unique market leading technology. Visitors can use propertyfinder.ae for instance to access more than 65,000 up-to-date listings for residential and commercial properties. as well as local real estate news, market trends, home styling, expert advice and useful guides on buying and selling. Consumer experience is paramount in everything we do and this is reflected in the design, content and navigation of all our portals.

Disclaimer: propertyfinder.ae has provided this information for your convenience. propertyfinder.ae makes no representation or warranties, either express or implied by or with respect to anything in this document and shall not be liable for any content herein. This publication and features described herein are subject to change without notice. If you have any questions regarding our policies, please contact us. The data was compiled from results using Google Analytics, Nielsen and Omniture Inc.