UAE offers investors 'opportunities not found elsewhere'

According to one property expert individuals should not be put off looking to the UAE for investment opportunities.

Reports that the property market in Dubai is now stabilising and these claims may make the country an attractive prospect for people once again.

Nicholas Marr, CEO of homesgofast.com, admits that the economic climate has caused investor confidence to lessen but insists that there is still plenty of scope for people to buy.

Mr Marr declared that it was the business sector that had been hit hardest by the economic fallout, insisting that lifestyle buyers could still find good unique purchase prospects.

"The compelling reasons why Dubai was the place to invest are still there albeit in a different guise," he said.

"However time will prove that Dubai still offers overseas investors opportunities not found in many other regions."

The most recent figures released by the Colliers International house price index found that property prices in Dubai increased by seven per cent in the third quarter of the year.