Dubai 'offers investment opportunities'

Foreign property buyers could find Dubai a potentially lucrative investment market, analysts have stated.

According to Shelter Offshore, the emirate is positioning itself as a global city in the same vein as Moscow, New York and London.

However, it currently offers much lower property values than its counterparts, which has prompted the website to suggest that people consider entering the market.

Investors were said to be already benefiting from considerable economic growth in Dubai, which has seen house prices go up by 79 per cent in the last 18 months.

This means that investors can enter a growing market at a relatively low price and take advantage of further house price inflation.

Shelter Offshore commented: "When you start to compare property prices against these giants even at current rates Dubai still represents very good value."

This comes after Paul Collins, property editor at BuyAssociation, said prices in Dubai have been going up "quite steeply" since January.
 

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