Dubai 'most popular property destination in the Gulf'

02/02/2010 - Dubai Property News
Dubai 'most popular property destination in the Gulf'
Posted by Neil King.

Many people still see Dubai as an attractive property investment destination, according to a new survey.

The FutureBrand Gulf Real Estate Study found that 70 per cent of people believe that property prices in the country offer good value.

Buyers in the Gulf still place the state at the top of their list of popular property destinations in 2009. Around 43 per cent named it as their preferred location, compared to just 23 per cent who chose Abu Dhabi. The figure is up from 36 per cent in 2008.

Jae Hwang, executive director at FutureBrand Dubai, told Maktoob News that attitudes to property investment in Dubai were changing.

"A lot more people are seeing whether this is becoming a viable place as a long-term destination or even home," he explained.

Research published recently by property portfolio management firm Leo Sterling revealed that more people are using the internet as a resource to research investment opportunities in Dubai.
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