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Dubai boom 'far from over'

Jaimie Kanwar

Dubai is currently seeing its highest rate of house price inflation for several years...

According to AME Info, property values in some areas have gone up by as much as 15 per cent. A company spokesperson added: “Investors who enter the market now will be able to snap up a residence for far less than if they wait until a later date. Furthermore, buying early will allow property owners to enjoy considerable capital appreciation.

"Sitting on an asset that is rising in value makes obvious sense - The property boom is far from over, as all the drivers of growth in the market are firmly in place”

Shelter Offshore recently praised the UAE for its “thriving domestic market and booming economy”, enthusing that the UAE was “an ideal location for overseas property investors, especially since the ongoing credit crisis is continuing to hit other markets”.