Many people 'opting for property in Dubai'

Staying in property in Dubai is becoming an increasingly attractive option to people, a sector specialist asserts.

As exchange rates continue to fluctuate, people are willing to travel further to accommodation, including property in Dubai, says Jonathan Cudworth, head of product marketing at online travel firm Expedia.co.uk.

At the moment, those venturing overseas are focusing on choosing a place where their currency will buy them more, with non-euro nations proving particularly popular, he asserts.

"We've seen more customers going much further abroad to places like Dubai," Mr Cudworth explains.

He adds that the cost of amenities is another key issue which people are taking into consideration, as the price of purchasing many items when staying in property in Dubai could work out cheaper, due to the value of the dirham.

A recent report by global housing specialist Knight Frank also revealed that the average cost of purchasing a property in Dubai has decreased by 32 per cent in the last 12 months, which may boost the number of investors purchasing a home in the emirate.