1 bedroom apartments for 59,000 pound and studio apartments for 42,000 pound for sale at International City in Dubai presently announced by UK’s leading overseas property investment company, Principal International.
This positive announcements comes as much of the press is shouting about the lack of reasonably priced everyday housing availability in this rich cultured desert city.Paul Cooper, Director of Principal International says “speculation is rife about the future of the Dubai property market and the anticipated levels of housing coming onto the market in 2008, but these prices offer alternative opportunities for investors looking to attract the every day residents and not just the high earning expats and locals. Our investors are still keen to buy in Dubai and we are advising them not to lose confidence, there is no evidence of the housing market subsiding not with the enormous shortage of property available to buy at the moment.”
Principal International say that interest in Dubai is not waning, and with the latest study conducted by the Dubai Chamber of Commerce and Industry revealing that the population of Dubai is projected to increase by 0.43 million by the year 2010, the number of additional residential units that will be needed by this time is more than satisfied by the units coming to the market from 2008 onwards.Dubai continues to attract investors, employees, travellers and tourists, all of whom have been encouraged by the liberalisation of immigration and residence laws and the simplification of business, real estate and tenancy laws. The number of British expats alone has doubled to 100,000 in the last 48 months, keen to take advantage of the high standard of living and first rate service, Principal International say that this tax haven makes an attractive investment.
Dubai offers a population which is predominantly well educated, healthy and in some cases highly paid. Emerging from a discovery of oil in 1966 off its coast, Dubai rocketed towards modern times with enormous riches and has developed into a city boasting sophistication, leading edge cosmopolitan restaurants and some of the worlds best shopping. And if all that doesn’t temp you the beaches, historical architecture and the hot desert sun will.
