Just keep an eye on Dubai
Good news travels fast, bad news even faster, and this weeks good news show cases how rents and property development in Abu Dhabi are something to behold when compared to Dubai.
Dubai smoulders amidst the heat of the desert & as rental levels in Abu Dhabi level out, prices in Dubai seems to be falling further.
Some market experts would describe Abu Dhabi as offering superior quality developments compared to property in Dubai. However, in a market squeezed with over supply, falling prices, & rising unemployment, renting or buying property in Dubai presents a financially more attractive option for any investor.
In addition to this, recent property developments such as the Dubai marina, the Plaza & the Burj, can easily match anything Abu Dhabi may think it has to offer in terms of quality.
Location is the key here, and while some pay play down the benefits of Dubai, investment there now will yield real positive results at the city’s profile rises again in the economic recovery.
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Published: 15-Oct-09