UAE investor confidence returning, report shows

18/04/2011 - Dubai Investment News Posted by Bob Brunskill
UAE investor confidence returning, report shows

Investor confidence in the UAE has continued to improve, according to the results of the latest Friends Provident International (FPI) Investor Attitudes Report.According to the data, the FPI index has risen to 13 - up from 11 in January.FPI noted that while confidence in the UAE investment market is returning, there is a preference for low risk assets.Gold is again the most popular asset class, followed by cash. The report also shows an increase in the preference for property investment.Matthew Waterfield, general manager of the Middle East and Africa for FPI, commented on the steady increase in investor attitudes in the UAE."This is a sure sign that investor confidence is improving in the UAE," he said."The fact that more people are consulting with financial advisers is proof that investors are now willing to consider a more sophisticated approach to their financial planning."Meanwhile, property management firm Asteco recently reported that the real estate market in Dubai is showing signs of stabilisation following two years of decline.