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Dubai "exciting" for property investment

Article Date : Thursday, November 29, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Dubai is full of opportunities for British overseas property investors, according to one expert.

Suzanne Clay, senior business development manager for Barclays Buying Abroad, said that rental demand in the country was high and rental income will likely rise in the near future.

"Anticipated rental income is about six to ten per cent, but at the moment, because of the shortage of completed property and in order to meet the demands of those who are working there, it could typically be more than that," she explained.

Mr Clay added that it is vital for prospective buyers to ensure they are purchasing a "quality" property and that it is in the right area, adding: "Location is so important."

He also mentioned that the Dubai government is looking to boost the number of tourists visiting the country to 15 million by 2012.

Since 2002, more than 100,000 Britons have purchased property in Dubai, according to Barclays.
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