Dubai is safe place to invest

An overseas property expert has claimed that the Dubai market features a wealth of opportunities for low-risk investment.

Nicholas Marr, chief executive officer of Homesgofast.com, said that he considers the emirate to be "one of the safest places to buy real estate abroad".

Although admitting that the property market in Dubai has recently taken a knock from the global economic downturn, Mr Marr claimed that the emirate still offers "much room for capital growth".

He commented: "Like the rest of the world, Dubai has been affected by the global slowdown, but it appears not at the rate of other major housing markets.

"With the price reduction will come further demand once confidence returns to the markets."

Last month, Shelter Offshore reported that the many new golf developments being built in Dubai are set to attract more overseas buyers in the emirate over the next few years.

According to the website, Dubai is bidding to become "one of the world's leading golfing destinations".

Visit our off-plan property United Arab Emirates page.
 

Like this? Then share with your friends and colleagues!