Dubai, UAE – ZāZEN Properties, a sustainable property developer in the United Arab Emirates (UAE), has noted a surge in demand for one-bedroom apartments in Dubai.
With overall property prices increasing, residents are searching for the best ways to invest their money, whether as a long-term profitable option or to live in the property.
Also, due to the overall increase in costs, including mortgage rates, rental rates and even the higher cost of living, investing in one or two-bedroom units versus larger apartments or townhouses has become preferable.
Property Finder, the leading property portal in the MENA region, recorded a 45 percent YoY increase in volume, with around one-third of tenants in Dubai preferring one-bedroom units.
In March 2023, off-plan transactions increased by 95 percent YoY, accounting for 52.8 percent of total sales transactions and 36.8 percent of the total transaction value.
To meet the demand, ZāZEN Properties has launched its latest project, ZaZEN Gardens in Al Furjan, offering a variety of units for both investors and end-users. The project has sold over 85 percent of its units in the off-plan market, offering unparalleled quality and amenities within the mid-market segment.