Dubai infrastructure to benefit from public spending increase

New infrastructure development is expected to take place as a result of a 20 per cent increase in Dubai's public spending.

The emirate's government - which is due to reveal its budget next month - is to raise public spending in an effort to boost its economy in the current economic downturn.

Included in the development is continued expansion of the emirate's airport, director general of the Dubai Department of Finance Nasser al-Sheikh has stated.

Such expansion could help improve access to the region, one factor which overseas property investors may wish to consider when making a purchase in Dubai.

In related news today, investors considering buying property in the Middle East now rate sustainability and environmental credentials as the factors most likely to influence their decision, a study by property developer Nakheel has found.

Research by the firm revealed half of believe these factors to be most important, with 47 per cent stating they are most attracted by reliability.

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