Dubai is fast becoming the Capital of the Middle East. With tourism the focus and business picking up fast on the back of Investment in infrastructure.

The by-word for Dubai is build it bigger, faster and more outrageous than anyone can imagine!

Dubailand, the Theme Park will be 4 times the size of DisneyWorld, the Marina will hold more World Class Yachts than anywhere on the planet.

Dubai aims to become the worlds favourite playground and property prices have escalated at the realisation of the projects size.

Beware though, not everything in Dubai will make you rich. As with all new markets, the cream of Dubai property has already been bought and the profits taken, much of the prime ´real estate´ was purchased by Dubai´s elite, Sold through associates to associates like trading securities, until someone eventually ended up holding a complete property.

Many of the projects being promoted now are in secondary locations away from the coast, but list prices don´t really reflecting this.

There is a real danger of oversupply as thousands of projects under construction come to completion over the next couple of years, there is no guarantee the property values will increase, and with the rent increases limited by law, this could have an effect on the value of your property.

Be careful of statistics and claims over Capital Growth, often these are produced by the very organisations selling property, therefore Caveat Emptor remains the order of the day.

Condotel investment in Sports City.

Article on Dubai

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