Dubai "most attractive" for property investors

21/11/2008 - Dubai Property News
Dubai "most attractive" for property investors
Dubai remains one of the "most attractive" destinations for investors, according to a leading property market data firm.

Recent figures from Reidin show that Dubai property investment for 2008 totals more than AED158 billion (£28.6 billion) based on sales, leasing and mortgage transactions.

The company also forecasts that the market value of the emirate's waterfront developments will top $500 billion (£333 billion) in the next five years.

Ahmet Kayhan, chief executive of Reidin, also pointed out that this year's investments were AED7 billion (£1.26 billion) higher than in 2007.

He said: "Dubai remains one of the most attractive destinations for investors from all over the world.

"Our statistics indicate that the top ten investors who have channelled funds towards real estate in Dubai hail from India, Pakistan, Russia, Saudi Arabia, UK, Oman, Iran, Canada, Bahrain and Kuwait."

Mr Kayhan was speaking at the Urban Waterfronts Conference, held earlier this week in Dubai.
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