Dubai Still Remains Favorite Among Property Investors

Even amidst the hovering recession Dubai remains most sought after destination for purchasing properties. According to latest findings Dubai Marina tops the list in terms of sales and rental enquiries. There is no doubt that people are investing for their second homes in Dubai. Since last year, a substantial number of Britons are buying their dream homes in this desert city. Although France and Spain remains the most popular destination among British citizens due to close proximity and cheap travel costs, they have started to look further afield. Dubai is one of the attractive locations for Britons with basking sun eight hours a day.  Property prices are relatively cheaper compared to international standards while the rental yields are still high. Dubai is home to many grand projects to increase the number of visitors to sustain the rental income for investors. Although with a healthier bank balance, a property in Dubai can give you a run for money. Those who have enough cash to splash, £3.2 million can help you to lead a designer’s lifestyle and treat yourself with a pinch of haute couture at places like Palazzo Versace Dubai. According to a recent survey carried out by Dubai based website, the waterside project reported to have 18 percent of searches from prospective buyers in the fourth quarter and 18.02 percent rental hunts. Second in ranking is the luxury Palm Jumeirah project, which has managed to attract 12 percent of buyers. Mirdiff is the third most sought after choice for rentals outside Dubai. This is followed by Jumeirah Lake Towers which is the next most popular hotspot property destination with 8.58 percent of visitors over the web. Jumeirah was rated as the least popular among would-be buyers with less than two percent of online enquiries. But the Lakes and Green Community have managed to notch up a fraction more hits.