Dubai attracts UK investors

According to a report from real estate experts Profile Europe (UK) Ltd an increasing number of UK property investors are attempting to run away from the effects of the credit crunch by purchasing properties abroad.

The organisation puts Dubai in pole position because of its rental and re-sale markets. Despite properties not being ready for living in until 2010 interest in the area has been climbing considerably.

Its latest report claims property prices will rise by 25 percent during construction and an impressive 55 percent once completed. 'These are huge gains over such a short period of time and it is therefore no surprise that interest has been so high,' said Oliver Hickey UK Sales Director.

The brand new 'Island of Ireland' will be able to house 119 luxury apartments consisting of penthouse suites, prestigious villas and beach front homes. 'The Island of Ireland is a unique development in an unrivalled position that offers one of the best investment opportunities in Dubai,' claimed Hickey.

'With increased tourism, a growing population and key international companies queuing to be relocated here, it assures investors of an exit strategy when they want to realise their profits,' he added.

It is good news for investors. There were those who feared Dubai was aiming too high, too quickly, but it has now has firmly established itself as one of the best investment markets ever. The key to this success is the booming resale market, which is likened to a proverbial snowball 'it keeps getting bigger and bigger'. The knock on affect is that confidence is growing daily in Dubai as more and more are reaping the rewards.

'Dubai cannot be likened to any other overseas market as it is simply unique. In terms of its quality, size, durability and value for money it is undoubtedly in pole position. It is worth remembering also that Dubai is still only in the early stages of its development cycle and with its achievements to date coupled with its plans for the future, investors are promised a smooth ride,' commented Hickey.

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