As the top performing locality of Dubai, Dubai Marina receives much attention by tenants, wealthy expats, visitors and investors. Bayut.com shares its stats to highlight the community’s performance in 2012.
Dubai Marina occupied the top spot among the communities that performed notably well during 2012. Considering the performance of the locality in last many years, 2012 did not end differently. Bayut.com, a notable online portal for the UAE real estate sector, notes a consistent rise in popularity and demand of property in Dubai Marina. According to the portal, Dubai Marina has been one of the top performing localities of Dubai ever since it was established in 2003. With continuous addition of notable projects and commercial attractions, the community effortlessly retains its status of being the top performing area of Dubai.
According to the ranking criteria of the site, Dubai Marina leads the charts by 30+ Popularity Index (PI) points, which means that no other community in Dubai is close enough to give Dubai Marina a tough competition in Dubai real estate market on Bayut.com. With years of practice of being on the top, it is certain that Dubai Marina will be the winner this year too. The only thing we are yet to find out is if the second position holder will be able to reduce the gap between the PI points of Dubai Marina and that earned by the second best performing localities of the UAE.
As the most popular locality of Dubai, Dubai Marina witnesses a notable sale, purchase and rental activity. Many new and existing projects fill in the rising demand of apartments in the locality, because of which a lot of fluctuation is observed in the ranks of individual residential projects in Dubai Marina. It is needless to mention the list of top performing Dubai Marina apartments are actually also the most popular properties in Dubai. According to Bayut.com, as of Feb 2013, Princess Tower, Infinity Tower, The Address Dubai Marina, Elite Residence and Marina Crown are the top 5 most in demand towers of Dubai Marina.