Property investors in the United Arab Emirates (UAE) are increasingly turning to the Dubailand area when seeking to buy or rent apartments in the emirate.
According to new figures from search website Propertyfinder.ae, Dubailand rose to tenth place in terms of location searches by buyers and renters in the final three months of last year, up from 18th place in the third quarter, Emirates 24/7 reported.
Dubai Marina remained the most popular apartment search area with 18.86 per cent of the total sale searches and 19.51 per cent of total rental searches.
The UAE-based newspaper noted that Dubailand has witnessed a surge in the supply of affordable housing, with around one-fourth of the total new supply pipeline in the emirate coming from the area.
Indeed, it was reported that about 4,000 to 6,000 new residential units are likely to be handed over in Dubailand this year.
Meanwhile, it was recently revealed that, according to the emirate's Land Department, the total number of real estate "procedures" conducted during 2010 in Dubai reached 38,410 with a clear interest from investors towards residential apartments.