The Dubai Property Investment Scene is Looking Brighter than Ever
Sunil here to talk about Dubai property investment (read this in the context of when it was written: June, 2008)
As a result, the Dubai property investment scene is looking even brighter than it did before with the property values shooting up way beyond the ceiling rate.
What are Experts Saying?Dubai has a great climate [not perfect, but great] coupled with the low crime rate as well as the political stability makes it a great place to invest in. According to Morgan Stanley, the supply will outstrip demand sometime by 2010, as a result the property rates are bound to get a little affected then. But nevertheless, in spite of that, the Dubai property investments are as sound as you are bound to get anywhere else in the world.
Morgan Stanley have also mentioned that this negative impact is bound to have very little effect on Dubai as a whole on account of the pace of development that is taking place. The Morgan Stanley price index currently shows the property values in Dubai increasing by as much as 79% since the beginning of 2007, making the Dubai properties a bell-weather investment, one for all seasons.
Of course you do not have to take Morgan Stanley as the last word on this matter, you can always consult the other property magazines or online sites and they will most likely tell you the same thing with quotes from the horses mouth. In the end, you will have to make that decision as to whether it is good to invest in Dubai properties or not.
Basically, you can invest in these properties as a short-term investment or a long term one. Short-term investment returns on properties are generally not that good and once the buyer realizes that you are looking for a fast sell, they would be more prone to discount your selling rate.
There is another factor that you should consider when investing in a Dubai property investment; I am talking about the Dubai economy which increased six-fold from 2000 to 2008. Considering all the factors, many experts say that investing in Dubai properties makes perfect sense whether it is for the short term or for the long haul.
Given the economic slowdown (to say the least) that started late in 2008, a lot of the upside arguments on investing in Dubai have calmed down. However, there is still money to be made in Dubai if you know what you are doing.I highly recommend theDubai Secrets guide if you are interested in investing in Dubai real estate. The guide is comprehensive and practical as it is compiled by a group of investors in Dubai.
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