Lamudi suggests Middle East, Asia, South America locations for property investors to look at

By Andrei Skvarsky.

A statement by online real estate trader Lamudi tries to draw property investors’ attention to five areas in the Middle East, Asia and South America that it says are little-known “hotspots for buying apartments”.

Abdoun is Amman’s district with the highest demand for residential property and is described in the statement as “the most affluent neighbourhood you’ve ever heard of”.

Abdoun Circle, one of the Jordanian capital’s main commercial areas, is part of the district. Abdoun is home to Amman’s first shopping mall and “swanky” nightclubs, and is ideal for expats as it is surrounded by numerous embassies, Lamudi says.

Another location on the list is a scenic hill resort area in Punjab, Pakistan. Lamudi points out two places in it – Murree, an exurb of Islamabad known as the “national summer capital”, and Bhurban, a town about nine kilometres away.

The area, which has picturesque mountain views and lush vegetation, is popular with Pakistanis but almost completely unknown to foreign investors, according to Lamudi, a Berlin-headquartered company that does business in 34 emerging- and frontier-market countries in Asia, the Middle East, Africa and Latin America.

Bashundhara is a neighborhood in Dhaka where there is high demand for apartments for sale, Lamudi says.

The Boston district in Barranquilla, a city on the Caribbean coast of Colombia, would be one more promising destination for someone wanting to buy an apartment. Situated in Barraquilla’s historic centre, Boston has many hotels, restaurants and bars, the dot-com firm says.

Magdalena del Mar, a seaside district of Lima, is credited by Lamudi with “beautiful architecture, parks and plazas”. The district is reputed to be a “residential paradise”, the company says.

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