Mil­len­ni­als are on the move

7 Days in Dubai - - BUSINESS -

A new re­port has re­vealed that 44 per cent of mil­len­ni­als in­tend to pur­chase a home in the UAE in the next three years. While 25 per cent would rather in­vest in their own start-up or other busi­nesses, be­fore buy­ing a home in the UAE. The prop­erty hot spots for mil­len­ni­als – in­di­vid­u­als born dur­ing the early 1980s and 2000 – in­clude one-bed­room prop­er­ties in JLT, one and two-bed­room prop­er­ties in Dubai Ma­rina and two-beds in Dubai Land. The re­port, by Du­biz­zle said: “Forty­four per cent of mil­len­nial ex­pats sur­veyed said they wanted to buy a home in the UAE in the next three years. Whereas 59 per cent of the sam­ple pool said they wanted to buy out­side the UAE in the next three years. “The 59 per cent who said they wanted to buy out­side the UAE, prefer­ably in their home coun­try was quite sim­ply be­cause they didn’t know how long they wished to stay in the UAE.”

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