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Old 26-12-2007, 04:09 PM
alice_chained alice_chained is offline
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Join Date: Dec 2007
Posts: 7
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Actually UAE is at it's peak at the moment. It is the right place to invest, the ROI at the moment is outstanding.

The reason for this is that, the property market recently opened up in Dubai a few years ago. Previously, expats were not allowed to own properties in Dubai. It has opened up and the demand for property is still a lot more than the supply.

With the rent caps gone in Dubai, the mortgage market will grow, and End users will seek their own accomodation to reside in.

It is worth noting that there will always be a shortfall in Supply, wheres as the government has given a target of 40,000 complete units per year, howver the labor ministry is approving 200,000 visas per year. Whereas 80% will be white collared salaried clients who will need a place to stay,

Dubai being the commercial fligh hub and financial hub in the Middle East has a long and promsing future ahead.

Kind Regards,

Amin Badshah.

Business Development Manager,
Barclays Mortgages.
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