Dubai 'set for a comeback'

Dubai is set to bounce back from its recent property market dip because it still offers the infrastructure to attract investors, it has been stated.

Organiser of the Worldwide Property Show Mike Bridge said of the emirate: "Dubai is very much seen as a good place to live offshore," commenting that people from the UK may look to move there to avoid higher taxes being raised to pay for pensions.

He noted that factors such as the infrastructure, weather and high quality hotels are "not going to disappear" and that these will help draw back buyers.

Mr Bridge stated that there has been a recent upsurge in buying in the emirate, following a period of downturn when things were "pretty quiet".

Figures from HSBC have shown that Dubai property prices rose by four per cent in April and five per cent in May, while in Abu Dhabi saw a two per cent jump in April and a seven per cent increase last month.

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