Offshore investors have been to think purchasing property for sale in the United Arab Emirates (UAE). The results of the credit crunch on many countries have led to some local investors limiting their activities to the domestic market, according to ShelterOffshore.com.
As a result, the country is enjoying considerable economic growth, as well as increases in the population, visitor numbers and tourism revenues.Therefore, the website has recommended that investors take a close look at potential opportunities in places such as Abu Dhabi and Ras al-Khaimah.
Shelteroffshore.com said: "Each has a diversified economy as well which has moved away from dependence on oil. Each also has a tourism market."The online portal added that the UAE's real estate market is not just surviving in the face of the credit crunch - it is actually "thriving".
This comes after NuBricks.com said the popularity of places such as Dubai with global leisure travellers is having a positive financial impact on the region.
