Buyers 'heading to Dubai'

17/04/2009 - Dubai Property News
Buyers 'heading to Dubai'

Tenants and home buyers alike are now heading to Dubai to make the most of some attractive property deals, a new report indicates.

Research conducted by Asteco shows that there are now a range of bargains that consumers considering buying in Dubai are able to take advantage of.

"This is a positive development for house hunters," said Andrew Chambers, managing director of Asteco.

"We are witnessing a high number of transaction activities, especially for finished units," he said.

Further to this, people who had left Dubai to live in the Northern Emirates are now beginning to return, the report found. Others are choosing to upgrade their property in Dubai to larger accommodation, it adds.

As well as interest in private property, completed office space is also attracting attention at the moment, the research found.

Earlier this week, a separate survey from Jones Lang LaSalle showed that Dubai is set to become a lucrative market for property investors over the coming one to two years.