Dubai recommended for longterm investment

Dubai is one of the best locations in the world for property investors interested in long-term returns, an expert has claimed.

UK-based property adviser Mohammed Kashani-Akhavan said that the emirate is well-placed to survive the current slowdown and continue its development into a major world destination.

He also claimed that recent setbacks for Dubai developers will create opportunities for savvy investors, as property prices will stabilise before demonstrating major growth once again.

"Dubai is one of the best cities in the world for property investment in the long term," Mr Mohammed Kashani-Akhavan said.

"It is a great time to invest because the golden rule of successful property investment is to buy low when everybody else is selling," he added.

Peter Cooper, author of the book Opportunity Dubai, told Property Wire this week that prospective investors should not be overly concerned by falling prices.

"It is a feature of emerging markets that price downturns are swift," he said.

A recent article in the Sunday Times said Dubai will continue to attract foreign investment due to its high "global visibility".

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