UAE attracts more investors
Foreign property buyers are increasingly choosing to purchase homes in the United Arab Emirates (UAE), a new survey has revealed.
The Asian country came eighth in Jet-to-Let magazine's list of this year's top 10 property investment markets, ahead of places including Turkey.
This is the first time that the UAE has been ranked in the publication's top 10, which no longer includes previous hotspots such as Poland and Bulgaria.
Jet-to-Let magazine also found that property buyers in the UK are becoming less keen to invest in the domestic market.
This was attributed to the fact that many foreign destinations offer better investment potential than Britain.
Dominic Farrell, editor of the publication, commented: "We have seen a significant increase in investing in overseas property since the beginning of 2008."
He added that the displacement of Bulgaria and Poland from the top ten shows that investors believe better opportunities can be found elsewhere.
According to Exchange Bond, British and Irish residents now own up to 3.81 million foreign properties.
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