Dubai 'still safe' for investment

The Dubai property market has been suggested as one of the safest options in the world for investors in the current climate...

According to Homegofast.com, there is a strong potential for capital growth in the emirate as prices are "far lower" than any other major cities in the world.

Chief Executive of the portal Nicholas Marr explained that although Dubai has been affected by the global economic downturn, it has been to a much lesser extent than other markets.

"This would be a good time to buy property that you may not have been able to afford say six months ago," he said, noting that there will be "further demand once confidence returns to the markets".

Last year Dubai's Real Estate Regulatory Agency reported that the total value of land transactions in the emirate had increased by 170 per cent.

Source: Hot Property