Property in Dubai 'will have positive growth'

Property in Dubai will experience positive growth in 2010 once house prices level out, according to a sector specialist.

Nick Marr, chief executive officer of Homesgofast.com, says the cost of buying a home across the whole of the Asian market will begin to rise next year.

According to the specialist, real estate throughout the continent is already receiving positive indication from both the government and developers, which could increase the attractiveness of buying property in Dubai.

"Areas still seem to remain attractive propositions and it may be a case of getting in early now while prices are low to benefit over a five year period," Mr Marr comments.

He adds that all savvy property investors know that the main profit is made on the purchase of the home.

In other news, Dubai developer Damac Properties says its new projects - Jumeirah Village I and II and Tuscan Residencies - are all on course to be finished by the end of 2010, Al Bawaba has reported.