The Dubai property market is still proving a popular investment opportunity amongst overseas investors, a recent survey has revealed.
According to findings of the The FutureBrand Gulf Real Estate Study, Dubai was deemed to be the top destination for property purchases, ahead of neighbouring Abu Dhabi.
In addition, 70% of respondents believed that property in the United Arab Emirates represented good value for money.
Speaking to Maktoob News, executive director at FutureBrand Dubai Jae Hwang, suggested the findings were indicative of a return of investor confidence in the Dubai property market, especially for bargain-hunters:
“People believe there are deals to be had in the region. When you look at these numbers, we wonder if this is a turning point in sentiment.”
Hwang also stated his belief that investor sentiment had changed from viewing Dubai as a place to make a quick profit people to a more long-term investment opportunity, describing Dubai as “a viable place as a long-term destination or even home.”
Source: Halifax International