Analysts Confident Dubai Property Market Will Remain Positive

Woking, United Kingdom, February 08, 2007 --(PR.com)-- Despite recent predictions of a crash in the Dubai property market, market research and economic forecasts carried out by leading Banks and Finance houses show a positive trend towards a soft landing.

The huge growth of real estate and with it foreign investment, caused by a creative initiative to encourage private participation in the real estate sector, has meant that the market will become flooded with apartments. Whilst this level of construction outstrips the natural population demand, Principal International, leading overseas property investment experts say that investors are still buying here because of the massive demand for mid price range rental property to accommodate the ever increasing numbers of tourists and the growing expat community.

Simon Ryeland, Director of Principal International confirms there are a growing number of enquiries every week for Dubai, and despite the recent predictions of massive price rises, Principal International are still able to offer apartments in Laguna Tower for under £155,000 see their website for details; http://www.principalinternational.co.uk/

Analysts from EFG-Hermes believe that a distinct segmentation will emerge between those looking for the luxury end of the market and those looking for the more mid range investments. The latter is expected to attract the higher occupancy levels and therefore give healthier investment returns. With its sub tropical climate and virtually no rainfall, Dubai is considered to be one of the Worlds most popular destinations for holidaymakers, and continues to be a sound investment opportunity. The occupancy levels regularly achieve 75-85%, and with its reputation as one of the safest cities in the World, this tax free investment will continue to attract the shrewd buyer.

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