Hotspots of 2009

Dubai, Egypt and Tunisia are the top three property markets for investors in 2009 according to research by an international real estate company.

Within the United Arab Emirates Dubai remains the top spot. Although there is more interest emerging in Abu Dhabi, Ras Al Khaimah and Ajman, the research from Marr International shows.

Analysts looked at traffic and enquiry trends from its network of property websites and concluded that Dubai remains a good investment despite falling prices because its increasing population will mean increased demand for real estate.

Egypt saw a huge flurry of activity at the beginning of 2008 with many property investors attracted by off plan apartments being marketed at just £20,000. The Red Sea area was popular and Egypt is expected to continue to offer good value for money in 2009 as well as high capital growth.

Analysts were surprised that Tunisia came third. It proved popular with investors because unlike many emerging markets infrastructure is in place along with a good range of flights. There are also good opportunities for rental as it is a popular holiday destination.

Until very recently, foreigners were not allowed to buy property in Tunisia as the government wanted to ensure that home ownership for the local market was made affordable

'The trend for 2009 for Africa and The Middle East appears to show that overseas property investors are seeking low financial outlay with a great emphasis on off plan or pre construction property. This type of real estate offers investors a greater chance to make larger capital growth and an opportunity to pay with their own money over a period of time,' said Nicholas Marr.

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