 Dubai is one of the hottest overseas investment markets around and offers UK buyers the prospect of substantial appreciation in value, the boss of a real estate firm operating in the emirate has stated.
Dubai is one of the hottest overseas investment markets around and offers UK buyers the prospect of substantial appreciation in value, the boss of a real estate firm operating in the emirate has stated.
Siddeek Talati, owner of Emirate Ventures, said: "The return on investment is actually quite unbelievable compared to the UK - on a long term rental you're looking at rental rates of a minimum of around about ten per cent."
He added that this trend was likely to continue and property values rise as both overseas business investment and tourism increased, with people coming across to the city both to live as ex-pats for work reasons and to enjoy the sunshine, culture and beaches.
Figures from Dubai Property Exhibition stated that the city is the fastest growing in the world in economic terms with a GDP of 24 per cent over the last four years, while 250,000 people moved to the city to live and work in 2005 alone. |
