Mature government means good investment opportunities in Dubai
Dubai's property market has seen a rush of interest in recent years with phenomenal amounts of construction currently underway and planned for the future.
Despite the level of construction, there is still room for investors to make large profits on luxury developments, an industry expert has claimed.
Rhiannon Williamson, director of independent foreign property publication Amberlamb, states that as well as development opportunities, the Emirate is an attractive area for long-term rental returns and "steady property price appreciation".
"Because demand for property in Dubai remains so intense as a result of the levels of inward migration the emirate witnesses annually, this marketplace will continue to attract high demand and return an investor profit potential," she explained.
The government in Dubai has also provided tax incentives to encourage foreign investment, and Ms Williamson expects the positive investment framework to remain.
When asked if increases in property development regulation were likely, she said: "Fortunately for Dubai the government is mature and while its overall, long term plans for Dubai are incredibly ambitious, they are possible to achieve which should give investors confidence in the Emirate."
"Investors need not fear the government in Dubai but they should make an effort to understand the government's objectives, principles and vision."
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