Dubai real estate: 64% of property owners planning to sell up and move

Dubai property owners are planning to sell their homes as resale prices surge

Almost two-thirds of Dubai property owners (64%) plan to sell their unit to take advantage of current market conditions and 52% would do so in the next 12 months in return for a good premium according to a YouGov survey commissioned by Metropolitan Homes.

According to the same survey, which polled UAE property owners during the first half of January, 90% of Dubai property owners would purchase another property in the emirate if they sold their existing one at a good premium.

83% said they made significant improvements since they bought their property with 15% of respondents spending more than AED500,000 ($136,000) to renovate their property.