'Fantastic deals' available on Dubai properties

20/07/2011 - Dubai Property News Posted by Neil King
'Fantastic deals' available on Dubai properties

Property investors have been told that there are some "fantastic deals" available in Dubai at present.Paul Collins, editor at BuyAssociation, has claimed that the emirate currently offers an opportunity for British investors to take advantage of competitively priced homes.However, the expert warned that the current rental market is facing a challenging time, meaning that any property investments could be made on a long-term basis."The rental market dropped hugely a couple of years ago, so there are a lot of people who were relying on rental income to pay the mortgage on the properties and have not been able to do it, so that side of things is difficult," he commented."If you are buying for your own use, then there are some fantastic deals to be had – particularly on new projects - but even on completed projects, there are some great ones around."The comments follow the publication of a report by Cluttons Middle East, which claimed that residential property in Dubai has been "robust" in the second half of the year.