Dubai named as a top business destination - could property investment follow?

20/07/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai named as a top business destination - could property investment follow?

Dubai property investment could follow after the emirate was named as one of the world's leading business destinations, with many top companies having offices in the emirate.Around 56.1 per cent of the companies profiled by CB Richard Ellis (CRBE) were found to have a presence in Dubai, giving the emirate ninth place in the survey.Moreover, the United Arab Emirates as a whole was listed in 15th place as the Middle East attracts some of the globe's biggest firms.Nick Maclean, managing director of CBRE in the Middle East, explained to Emirates 24-7 that corporate activities could be distributed more widely in the future."Dubai has a relatively balanced tenant mix. Over the past ten years the city has been designed and constructed with the specific intention of attracting major international firms from a broad range of sectors," he told the news provider.Cluttons Middle East also announced earlier this week that residential property in Dubai had been "robust" in the second half of the year.