AVERAGE STATISTCS TOOL
The Only Online Tool That Answers All Your Pricing Questions
May 10th 2010 Dubai, UAE
Propertyfinder.ae, the UAE’s No. 1 property portal, today has released the Average Statistics Tool. It is the only one of its kind for the Real Estate market in the UAE. Now everyone has free access to this amazing and innovative online tool.
For the first time in the UAE, within a few clicks, find out what is the average advertised price for any property to rent or buy in the country. With more than 35,000 properties for sale and rent, Propertyfinder.ae has the largest database of listings in the UAE to give you an accurate average. Our listings are updated on a daily basis through automated electronic feeds coming from the real estate companies who list with us.
What does it mean?
Let's assume you have found a great 2 bedroom apartment in JBR - Al Bahar renting at AED 130,000/year and you want to know if this price is above or below market average. Simply use our new tool and find out what is the average advertised price for this apartment. We will also give you the most common price and square-footage; very useful information to interpret the average.
Even the top real estate brokers in the UAE use it every day.
Here is what Landmark Properties CEO Charles Neil had to say:
“This new statistical tool will be very useful for prospective buyers, sellers, landlords and tenants as it will lead to greater transparency in the market. We hope this will benefit Landmark’s customers and help them to be better informed with regards to making what is always an important decision. This tool will serve as a further building –block in restoring confidence in the market. For the Real Estate agencies such as Landmark Properties it will help our brokers benchmark the properties against similar ones and help with the due diligence required to give our customers quality and accurate information, as well as comply with RERA regulations. The new tool will also serve as a valuable tool to our Research and Consulting arm, Landmark Advisory, so that they can test their figures against a market benchmark and provide more detailed Leasing and Sales guides.”
Here is what Halcon Real Estate’s Business Development Manager Ghassan Ghellal had to say:
“This new feature of Average Statistics Tool will be an added advantage to the visitors of property finder allowing them to gain a quick access to the average price they should expected to pay for purchasing or renting a property and equally important when an owner is looking to or sell or rent their property. I have tested it out for accuracy of information, and I was satisfied with the results.” Once on site, simply choose the parameters from the drop down menus to begin your search.
Click on the Purple tab in the menu above called MARKET PRICE LIVE to start using it NOW!
The findings are based on approximately 500,000 unique page visits to the website over the month of February 2009 and highlights ongoing activity in the Dubai real estate market despite the economic downturn.
Commenting on the survery results, Marcello Sambartolo, Head of Marketing at propertyfinder.ae, said: “This survey has revealed some really interesting statistics. We are seeing a real shift in rental interest towards new residential areas such as Discovery Gardens and Jumeirah Lake Towers where rents are more competitive. This data also shows that there is still interest from end users looking to invest in Dubai real estate which is now offering opportunities to capitalise on the recent drop in house prices.”
Propertyfinder.ae’s property hot zones include:
| Hot Zones in Dubai To Buy; February 2009. |
| # |
Area |
Dubai's Hot Property Zones to Buy |
| 1 |
The Springs |
13.52% |
| 2 |
Jumeirah Lake Towers |
11.21% |
| 3 |
Dubai Sports City |
8.03% |
| 4 |
International City |
8.69% |
| 5 |
Dubai Marina |
7.85% |
| 6 |
Palm Jumeirah |
7.77% |
| 7 |
Discovery Gardens |
6.68% |
| 8 |
Meadows |
6.78% |
| 9 |
Emirates Hills |
5.29% |
| 10 |
IMPZ |
5.48% |
| Hot Zones in Dubai To Rent; February 2009. |
| # |
Area |
Dubai's Hot Property Zones to Rent |
| 1 |
The Springs |
22.69% |
| 2 |
Discovery Gardens |
19.28% |
| 3 |
The Lake |
8.75% |
| 4 |
Dubai Marina |
7.72% |
| 5 |
Arabian Ranches |
6.66% |
| 6 |
JLT |
5.81% |
| 7 |
Palm Jumeirah |
4.36% |
| 8 |
SZR |
3.83% |
| 9 |
Jumeirah |
3.38% |
| 10 |
Mirdif |
3.60% |
“Now more than ever, there is a real opportunity to find good property investments, however research is the key to finding the best deals and keeping on top of new communities coming on line. With the greatest number of property listings updated daily, propertyfinder.ae continues to be a valuable resource for people looking to find the ideal property in the UAE,” added Sambartolo.
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