UAE 'is attractive' for an expatriate
14/01/09 17:54
People looking to move abroad may want to become an expatriate in the United Arab Emirates because of the strength of the housing market, according to Select Property.
Helen White, marketing director at the online foreign property estate agent, said that the property market in Dubai is faring well in the context of the global economic slowdown so the region is relatively safe for a person to buy a house.
"They are actually putting more regulations in place ... and are giving credit scores to developers to try and safeguard investors' funds," she said.
Ms White went on to say that Dubai is attractive to any potential expatriate because the government has continued to invest in infrastructure, which has helped the economy and the lifestyles of residents.
"The government is still very much committed to developing that region of the UAE and are still investing heavily in infrastructure," she added.
Figures from Global Realty Partners show that 20 per cent of all property in the UAE is owned by Europeans.
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