Dubai plays host to overseas investors

Overseas property made a welcome return at the 22nd Worldwide Property Show in Dubai last week.

George Betz, organiser DSL Exhibitions' international sales manager, said that many overseas firms "had stayed away" in recent years, but added this trend now appeared "to have cooled down".

He said that a number of the exhibiting overseas developers and estate agents had succeeded in attracting record deposit levels from people looking to find overseas property, whether for investment, retirement, or as a holiday home.

"Prices abroad are still higher than the majority of homes here in Dubai, but with sensible payment plans and competitive mortgage rates, purchasing a home abroad is still affordable," added DSL's Mike Bridge.

In addition to the expected high level of interest in UK, French and Spanish property investments, Mr Bridge also pointed to an increase in activity in emerging markets, including Bulgaria, Malaysia and Thailand.

Over 2,600 investors visited the Grand Hyatt Dubai over the course of the three-day exhibition, mixing with 65 exhibitors from 35 international property markets.

First launched in 1996 the show will now head to Karachi in Pakistan, before returning to Dubai in November.

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16/05/2006

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