Making a property investment in Dubai may prove to be a lucrative move as the Financial Times has announced it as the best city in the world for foreign direct investment (FDI) in 2008.
One of the seven emirates of the United Arab Emirates (UAE), Dubai beat off the likes of London and Shanghai to claim the top spot.
Last year, Dubai received $21 billion (£13.9 billion) worth of capital investment and created more than 58,000 new jobs to claim first place.
His Excellency Dr Omar Bin Sulaiman, governor of the Dubai International Financial Centre and vice chairman of the Central Bank of the UAE, said the award is a "remarkable achievement".
"The number of projects initiated, the capital investment and jobs created in the UAE are proof of the economic strength of the country," he furthered.
Meanwhile, the Best Employers in the Middle East 2009 survey recently revealed that the United Arab Emirates has the highest number of employers of choice in the Gulf.