Property investment in Dubai - 100 times better than it was.

12/12/2007

Wednesday 5th December 2007. Dubai's    ...property investment market is "100 times better than it was" in the 1980s, an expert has said.

Dream Homes spokesman, Adam Godwin thought that with regard to infrastructure and facilities the country is getting better all the time.

By commenting on present development, he stated that "There does seem to be a growing number of people buying property in Dubai and moving out there to live and work."

According to statistics from LatticeWerks, rental rates in Dubai increased by 38 per cent during 2005.

However, getting funding for an overseas property development in Dubai might be difficult, according to the sales and marketing manager for financial services company Baydonhill.

Andrew Hamilton said that his company is one of the leading financial providers for overseas investment but they still only provide mortgages in established markets, such as Spain, Portugal, France and Italy.

The reason for this, Mr Hamilton said, is that criteria for lending is radically different depending upon what foreign country an investor is dealing with.

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