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PROPERTY IN DUBAI EXPECTED TO TOP THE BILL FOR INVESTORS THIS YEAR

Friday, 02 Jan 2009

According to the research by a premier international property firm, the best investment destinations in 2009 will be Tunisia, Egypt and Dubai, with property in Dubai topping the bill in the U.A.E. This is despite the fact that Marr International’s research indicates that Ajman, Ras Al Khaimah and Abu Dhabi are drawing more interest.

Industry experts have analysed the enquiry tendencies and traffic from a collection of top property marketing websites and drawn the conclusion that despite the dropping prices, property in Dubai continues to be a top investment due to its burgeoning population, which will provide an ever-increasing demand for more accommodations in Dubai.

There will always be a high demand for Dubai property, and investors who buy now, while property prices are depressed, will reap the benefits when the global economic crisis blows over and the prices recover to their former level, or better. Dubai is therefore an excellent investment opportunity for people who have the financial liquidity to buy property for cash or arrange private funding, then wait for the current global financial turmoil to subside, at which time their investments will bear fruit.

Even though Egypt experienced a sudden upsurge in activity at the start of 2008, with a large number of investors showing interest in off-plan apartments that were being marketed for a mere £20,000, plus the growing popularity of the Red Sea coast, which promises good capital growth and rental returns in 2009, it comes second to Dubai property, analysts say.

Most industry experts were surprised to find Tunisia coming in third in the top property investment destination stakes, and its popularity stemmed from its good infrastructure and high volume of international flights, unlike other emerging markets. Tunisia also offers excellent rental property opportunities, since it is an increasingly fashionable destination for holidaymakers.