Foreign buyers heading back to Dubai

09/03/2011 - Dubai Property News Posted by Bob Brunskill
Foreign buyers heading back to Dubai

Confidence is returning to the residential and industrial property sectors in Dubai, with an increasing number of foreign investors looking to buy property in the region.

This is according to Landmark Properties, which noted that the improving economic situation in the emirate is helping to drive up demand from overseas buyers who now see the opportunity for greater returns.

"From the end of last year onwards, we have seen a definite increase in interest from overseas clients," Michael Michael, director of sales at the firm, said.

"Such investors are mainly from countries within the GCC or Eastern Europe, indicating a growing sentiment that Dubai’s property market is now offering investors greater value for money."

Mr Michael noted that overseas clients are increasingly looking for different types of property, across a variety of sectors.

He forecast that industrial property will be the most popular among clients as a result of the quantity of quality stock in Dubai and the emirate's good trade and business prospects.ADNFCR-2019-ID-800452295-ADNFCR