Innovative property investments
Dubai Property Investment News
Property stays strong in Dubai
Though its property boom has been built around dynamic, constant construction, the housing market in Dubai continues to flourish.
Thanks to reported capital returns of 30 per cent and a thriving trend of buying off-plan properties, the last decade has seen astounding growth from Dubai, as it has developed into a major economic player.
Speaking to the Sunday Times, Mohammed Alabbar - Dubai's economics minister and the man at the forefront of its insistent growth – characterised the emirates truly global ambitions:
"I want to demonstrate to the world that we, as Arab people, are not the source of only bad news: that we can create success."
He added: "We have 200 nationalities here who are creating something new – the number one Arab city."
A recent survey from the British Embassy showed the rising popularity of Dubai as a destination for overseas property investment.
The amount of Brits seeking to take advantage of the emirate's lifestyle and tax breaks increased by 100 per cent in the last four years.
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