'Brits should consider Dubai an attractive expat destination'
11/08/09 17:52
British people considering a move abroad should consider Dubai's real estate as an attractive investment opportunity, a leading businessman in the region commented.
Speaking to Gulf News, Eqbal Al Yousuf, president of Al Yousuf Group, said it is believed real estate could return a 20 per cent profit on investment over the longer term.
"There are still opportunities for good investments and real estate has the best potential to develop new business in the United Arab Emirates (UAE) market amid the economic crisis," he commented.
Mr Al Yousuf noted that the UAE had been affected by the recent economic downturn, but explained that this was part of a global crisis.
He also claimed that international media had wrongly reported that the market in Dubai had collapsed.
"People who have [been] badly affected by the economic downturn are those who went beyond their financial capacity and set up businesses," he added.
In related news, data from the Keep Britain Working campaign has highlighted the effect of the recession on British workers. It revealed 54 per cent of employees have either seen their wages cut or hours reduced.
As well as considering their employment opportunities, British expatriates could look into international medical cover before they leave.
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