Up to 60 per cent of all the residents moving within Dubai so far this year have shifted into 10 localities, a new report has found.
The study by portal MoveSouq.com examined data from more than 2500 moving requests captured on its website.
The report, which measured the trends from January to September, found that areas like Jumeirah Lake Towers and Palm Jumeirah have seen a drop in popularity during the year.
Meanwhile the Jumeirah Village community, which includes Jumeirah Village Triangle and Jumeirah Village Circle, has gained greater traction among residents.
Jumeirah Golf Estates, Al Karama, Dubai Festival City and Garhoud were among the locations that saw the least number of moving requests this year, the report found.
Dubai’s property market has been seeing a slowdown since late 2014 with sales prices and rents dropping. A recent report by JLL found that residential rents fell for the first time this year in the third quarter of 2015. Average rents declined 1 per cent year-on-year and quarter-on-quarter in Q3, the report stated.
The decline was a result of tighter government regulations, higher inflation levels and a strong dollar, the report said.
TOP 10 areas in Dubai that saw the highest inflow of residents
Dubai Marina and Jumeirah Beach Residence: 11.8%
Jumeirah Village: 7.9%
Downtown Dubai and DIFC: 7.1%
Emirates Hills, Lakes, Meadows and Springs: 4.9%
Mirdif, Muhaisnah, Al Warqa and Al Mishar: 4.9%
Jumeirah Lake Towers: 4.5%
Palm Jumeirah: 4.4%
Silicon Oasis and Academic City: 4%
Jebel Ali Village, Discovery Gardens and Gardens: 3.9%