Dubai property market 'is good long-term investment'

31/12/2008 - Dubai Property News
Dubai property market 'is good long-term investment'
Property investment in Dubai continues to be a good long-term prospect, a number of industry experts have claimed.

At the Dubai Property Market, Past Present Future event held by Schon Properties, it was stated investing in property in Dubai will remain profitable in the years to come.

Meanwhile, attendees suggested that the emirate is taking steps to move towards an "innovation-based economy", Off Plan Property Exchange reports.

Asad Khan, of Shaw Group Middle East and Asia, said: "People talk about Dubai being the Singapore of the Middle East, it's not only Singapore, it is also the Switzerland.

"It is the hub for the region."

He added that investors cannot look at the present situation "through a soda straw" and should instead take a longer term view.

In other news, figures released in the Colliers International Dubai House Price Index revealed that house prices in the emirate during the first quarter of 2008 grew by five per cent in comparison to the previous three-month period.ADNFCR-2019-ID-18951686-ADNFCR