UAE tipped as bargain location

The UAE may be a place where property buyers seeking bargains will increasingly look in 2010, it has been predicted.

Such a tip came from chief executive officer at Homesgofast.com Nicholas Marr, who said that many investors are hoping to pick up cheaper deals in a number of locations.

He commented: "Savvy investors all know that profits are made on the purchase and the UAE, in particular Dubai, may benefit from bargain hunters."

Such a situation may see people looking to take advantage of the recent downturn in the Dubai market.

Spain is a current beneficiary of this sort of thinking and this can account for it sneaking ahead of France in the recent Prime Location November figures for online searches, commenting that "distressed property" and "below market value property" are pushing that country's real estate sector.

Potential UAE investors may note that according to Homesgofast.com, Abu Dhabi will be in the top ten for the leading places to invest in 2010.