Published on September 28th, 2018 | by SayginYalcin


Revealed: Cash still key in Dubai property data reveals that nearly a quarter of its buyers favour cash to finance real estate transactions in Dubai

Cash continues to play a prominent role in real estate transactions in Dubai, with almost a quarter (22 percent) of buyers wanting to pay cash in full, according to research by

The home buying portal said 57 percent of its buyers want to take recourse to financing, while 13 percent are happy to choose either option.

Since the website announced it would open its platform to end users at the start of the year, it said its buyer pool has increased 600 percent and is a “clear signal of how exciting the Dubai real estate market remains”.

Omar Chihane, CEO and co-founder of, said 49 percent of buyers have a budget of AED1 million and above, while Dubai Land, Dubai Marina, Jumeirah Village Circle, Meydan and Sports City have emerged as the most popular destination for their buyers.

“Our data insights, mined from sellers and buyers using, indicate a robust real estate market. Potential buyers are entering the market with healthy budgets. The data also shows that properties large and small, ranging between 1 and 3 bedrooms for instance, are all attracting strong interest,” he added.

Chihane said that while the majority of registered buyers seem flexible as to the number of bedrooms, 20 percent are looking specifically at 1 beds while 26 percent are preferring 2 and 3 bed properties.

At 71 percent, the vast majority of buyers are interested in apartments; with 12 percent preferring villas.

Chihane said the website aims to become a one stop shop for home buyers and sellers in the UAE. It allows buyers to book viewings for listed properties and also offers useful tools such as a mortgage calculator and the BorrowMeter that helps buyers determine their borrowing power.

Source: Arabian Business

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About the Author

Saygin is the Founder & CEO of the Middle East's (ME) first & largest car buying service, and Founder of the first & largest online private shopping club in the ME,, which has been acquired by, making him Partner at the and Jabbar Internet Group, becoming the largest ecommerce company in the Arab world, with 3000+ employees. In its largest acquisition outside the US to date, has acquired Group. He has been selected as a UBS Industry Leader, a network of Ultra-High-Net-Worth Individuals. He was also Advisory Board Member & Academic Lecturer of Entrepreneurship at the Canadian University of Dubai. He was referred to as "the region's online business guru" by the National newspaper in the UAE, while Arabian Business named him as "one of the region's finest young entrepreneurs and a major part of the entrepreneurial scene in recent years". Fortune magazine (mag) named him in the 40 under 40 list, as one of the most influential young people in business, Entrepreneur mag ME awarded, with Saygin at its helm, as the "Fastest Growing Company in the ME", while the National newspaper sees it among a handful of tech companies to "have the potential to break the $1bn barrier". In a cover story, Entrepreneur mag ME titled him as "undoubtedly one of the youngest & most successful internet entrepreneurs in the ME”, awarded as "Technology Innovator of the Year”, while Khaleej Times awarded him as the Technology Leader. Gulf Business selected him as 1 of the Top 10 Entrepreneurs in ME. In a cover story, Arabian Business counts him as 1 of the most successful entrepreneurs to call Dubai home. During the World Government Summit, HH Sheikh Saif Bin Zayed, Minister of Interior of the UAE, presented Saygin as an inspiring story for the country, in the presence of world leaders, incl. HH Sheikh Mohammed Bin Rashid Al Maktoum.

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