'Good returns' on commercial property in Dubai

17/08/2009 - Dubai Investment News
'Good returns' on commercial property in Dubai

Written Ashley Waterman

Commercial property in Dubai can offer a good return on investments, it has been suggested.

Amine Hamdani is a manager and surveyor at real estate company CB Richard Ellis and told Reuters there are more international buyers looking to invest in properties in Dubai.

He explained while net income for a building in France would be around 15 per cent, in Dubai it would be some 35 per cent.

"If you compare five-star properties in Paris and Dubai, both well-located, your return on investment is much better in Dubai," stated Mr Hamdani.

According to the Hotelier.com, there was a five per cent rise in the number of guests staying in Dubai accommodation in the first half of 2009 after certain deals were announced.

CB Richard Ellis has over 300 offices in more than 50 countries, with operations in the Middle East, Africa and Europe. It currently employs some 6,250 staff.ADNFCR-2019-ID-19316384-ADNFCR