Dubai-Mubasher: More than two-thirds of GCC residents say that the UAE is their first choice for living based on the quality and design aesthetics of their homes, according to a survey conducted by Ellington Properties.
Over 66% of respondents chose Dubai for the design quality of the residential projects, with 58% saying they would invest in villas or townhouses as their first preference in the emirate.
The other cities that ranked in order of preference for living are Abu Dhabi, Muscat, Doha, Jeddah, Riyadh, Kuwait City, Manama and Dammam.
The study reported that the main reasons for consumers to invest in properties within the GCC are rental income and real estate value (48% each), followed by location (43%).
“Investors closely evaluate developer credentials, property size and in-built white goods in making their investment decision,” the survey highlighted.
