Mark Cijo Jn asked:
People buy properties for investment and for living and the best investment are to locate a property among the best location at the lowest price. If you are looking for a rapid increase in its net value, it is better to buy a property in a rapidly developing economy. Nowadays, international real estate opportunities are mature enough for the picking and international agents are ready to provide services in locating the best opportunity.
It is a great opportunity to invest in developing societies as property prices are declining in the West. A recent survey for Home Price Comparison Index, by Coldwell Banker assessed the home prices of a single dwelling in 384 major international cities, outside the USA. The results revealed surprising facts that the home prices in West are three to four times higher than its counterparts in Asia and Middle East, for the same standards.
Dubai is one of the most vibrant developing cities in the world. By 2010, only 10 percent of the GDP of Dubai will be coming from the industry sector. Many properties in Dubai have yielded an annual appreciation of more than 75 percent, whereas some yielding beyond 250 percent in 5 years. According to the Dubai International Financial Centre, the average rate of offices in Dubai is now 12,668 per square meter but the demand is still rising at a mind boggling rate of 21 percent per year.
Currently the rental yield at Dubai is 10 percent as compared to an average of 2 percent in the UK. In 2008, London Global Financial Index (GFCI) ranked Dubai, as the number one destination in the world to attract future investment for the coming three years. The city was also among the top 50 cities, along with its sister city Abu Dhabi, for indices such as personal safety, internal stability and crime statistics, as ranked by a recent Mercer survey.