Get The Best Property In Dubai From Select Property}

Get the best property in Dubai from Select Property

by

David Steward

Downward spiraling interest rates and rapidly falling property prices are forcing investors to look further a field in pursuit of worthwhile returns on their funds.

Against the backdrop of recent high profile banking and investment company insolvencies and the ongoing crisis throughout the financial markets, investors are now seeking security as well as high returns. Safe, recession proof investments that still yield strong returns.

One of the most attractive locations for high return investments over recent years has been Dubai. Since 1971 when Dubai became, one of the 7 Emirates of the UAE (United Arab Emirates) the country has experienced rapid and dramatic development.

Dubai has one of the most dynamic construction markets in the world with more than $1.1trn of projects underway. Industry growth of 29.6% is predicted up until 2010. The primary reason for this massive construction spend lies in the fact that Dubais population over recent years has been growing at a phenomenal rate. Dubai is in fact the fast growing city on the world with official figures indicating that 25,000 people are moving there every month.

Anyone who has purchased investment property in Dubai is likely to have seen a very healthy return. The real estate market has witnessed unprecedented growth since 2003, the huge influx of foreign workers (90% of Dubais 1.37 million population consists of ex-pats) helping to create strong demand for a wide range of property.

The outlook for impressive property investment returns in Dubai remains healthy and boils down to a simple economic principle – supply and demand. The vast number of immigrants overwhelming the available amount of property with the rapid economic expansion pushing prices and investment returns ever upwards.

Long-term investment possibilities are plentiful. At this time of economic uncertainty and the need for investment security matched to good returns, few locations even come close to Dubai as a worthwhile business opportunity.

Select Property is investment property specialists offering

Dubai property

,

property in Turkey

, Ras Al Khaimah and other parts of UAE.

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Get the best property in Dubai from Select Property}