UAE destinations 'among region's best long-term prospects'

International property investors in the Middle East and north Africa should look to those places that have the best prospects for the long term, a report has said.

A study of the region by International property research firm Jones Lang LaSalle acknowledged that the area has suffered during the recent world economic crisis.

However, it said, those places with a good long-term prospect due to being competitive and offering healthy market conditions should still offer opportunities.

It cited Dubai and Abu Dhabi as among those places that should do well in this regard over the next two or three years.

The other places mentioned as prime places to invest in the report were Cairo in Egypt and Casablanca in Morocco.

Earlier this month, it was suggested that those buying in Dubai should look to purchase two-bedroom rental apartments, as these are always in strong demand among migrant workers.

This was recommended by head of research at overseas investment company Property Frontiers Christopher Chadd, who argued that Abu Dhabi's greater resources made it a better bet than its neighbouring emirate.

Like this? Then share with your friends and colleagues!