Property in Dubai Still Investors Choice

Woking, United Kingdom, March 13, 2007 --(PR.com)-- Despite reports over the saturation of Dubai’s property market a spokesperson for Principal International, one of the UK’s leading overseas property investment companies, says that investors are still keen to buy in Dubai. Enquiries continue to flood in every week for the world’s fastest growing city said Paul Cooper, a Director of Principal International.

The area as a whole continues to attract the seasoned investors and with the government providing tax incentives to promote market growth, foreign investment remains high. Some reports say that there is a lack of affordable housing in the region but demand for luxury apartments remains apparent so the developers continue to build, and whilst profits can be higher at the top end of the market there is little or no demand for the more affordable units just yet.

Principal International say that whilst the volumes of construction taking place in the country may deter some investors, buyers should look to the long term when considering investing in Dubai’s property market as it is proving to be a well rounded market which will undoubtedly show a steady growth in property price appreciation over the next few years.

Over 50% of Britain’s wealthiest are looking to buy or live abroad according to research carried out by a division of one of the major high street lenders, and Dubai caters for all classes of people. Not only that, but buying or investing overseas is no longer a privilege for the rich and famous, with lower cost flights and property prices in the UK putting off investors, countries like Dubai are becoming more and more affordable.

Principal International have a number of luxury apartments in Jumeirah Lake Towers for sale from as little as £160,000 and new units are becoming available on a regular basis, see their website for details; http://www.principalinternational.co.uk/.

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