Dubai stability report 'accurate'

14/09/2009 - Dubai Investment News
Dubai stability report 'accurate'

Written by Bob Brunskill

An industry expert has commented on a recent report highlighting the stability of the economy in Dubai.

The Landmark Advisory research, published on September 6th, revealed the property markets of the emirate and nearby Abu Dhabi had seen their highest levels of activity during June and July since the last half of 2008.

It was noted the price of a villa in the latter had stayed firm, while one and two-bedroom apartments were recommended for the former as the safest investment.

Commenting, Property Frontiers' head of research Christopher Chadd said reports of stability were accurate and were looking better than they had been in recent months.

He added workers in Dubai would be likely to seek out the types of property detailed in the report.

"If investors have their mind set on Dubai then one or two bedrooms will give them the greatest opportunity at achieving high yields through sustained occupancy," he concluded.

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