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Monday 3 September 2012

Dubai property: Rents up 8-10% in Downtown, Old Town


 

High-rise towers in Downtown Dubai are more popular than the Old Town area, according to real estate experts.
High-rise towers score better when it comes to amenities, a major factor behind their popularity as compared to the low-rise buildings in Old Town.
“High-rises are more popular [as they offer a] better view, more amenities [and give better] value for money,” Asal Abedi, Community Specialist, Head Office at Better Homes told Emirates 24|7.
According to Rushiraj Mehta of Legacy Real Estate, both are very popular, but high-rise towers beat smaller ones when it comes to amenities.
Both are in demand at different levels.
The Old Town is preferred by clients who appreciate low-rise buildings over the towers and high-rises are popular with other residents, believes Mehta.
The difference lies in the kind of amenities that are offered.

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