UAE is a 'safe haven' for investors

12/04/2011 - Dubai Investment News Posted by Bob Brunskill
UAE is a 'safe haven' for investors

There has been a marked increase in the number of individuals looking to invest in the UAE following the recent political and social upheaval in the MENA region.That is according to international property agency Chesterton, which said that the emirate is being viewed as a safe haven by a number of potential buyers.Indeed, the firm explained that despite the effects of the global downturn on property prices, there remains a fundamental confidence in the sector and its medium to long-term prospects.Simon Gray, managing director of Chesterton's MENA operations, explained that many investors believe that now is the time to take advantage of the current prices and security that the market offers."Many investors are looking at the medium-term downward pressure on prices in Abu Dhabi and Dubai as a window of opportunity and are generally confident that the market fundamentals are strong," he added.Mr Gray highlighted the fact that GDP is recovering, the infrastructure is world-class and the UAE's geographical location and stability continue to attract businesses from across the globe.