Before the onset of the global financial crisis, many investors found that although property in Dubai offered good growth prospects, it was rare to pick up a bargain.
However, in the wake of the economic troubles, a growing number of real estate speculators are finding the emirate to offer many opportunities for long-term growth.
This is according to Ainsley Duncombe, the founder of lowcostdubai.com, who noted that there is a "hive of activity, events and businesses" now taking place in Dubai, the Sydney Morning Herald reports.
"The real difference now is that airlines, hotels and restaurants realise they need to work harder and smarter to attract the money of both visitors and residents of Dubai who are now looking for value in everything,'' she told the news provider.
It comes after Gary Dugan, the chief investment officer and acting general manager of private banking at Emirates NBD, claimed that instability in MENA countries is likely to have and impact on the level of Dubai property investment.