Hi,

Dubai has benefited from the global boom. The majority of the investment coming from overseas. If investors are tightening there belts at home they are less likely to be buying abroad. That said there is still opportunity to make good returns in Dubai.

There was speculation that supply would outstrip demand as many developments were due to complete in 2008. Progress has been slow due increased regulation and construction costs and a labour shortage. Demand still outstrips supply.

Population growth and changes in legislation by the Dubai government will affect the real estate market. These unknowns is where the risk lies but that’s what investing is about and it you don’t take the risk you don’t make the returns.