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Expat Health Insurance News: Dubai property market 'beginning to move'

Expat insurance customers considering relocating abroad and purchasing real estate in a foreign country may be pleased to hear movement has returned to the property market in Dubai.

BuyAssociation editor Paul Collins said this has occurred after "a couple of years of total inertia".

However, there are only "indications" that the sector is beginning to become more liquid, he continued, describing it as "very much in a waiting stage" at the moment.

Tax rates in the region are particularly low, so it has always been a popular destination for high-net-worth people, the specialist remarked.

Furthermore, Dubai has logistical benefits and is becoming an international hub for companies, as it is possible to travel to most places on Earth from the area, Mr Collins added.

Recently, Reidin.com reported the emirate's housing market performed strongly during March 2011, with its Residential Property Sales Index rising 3.4 points from 170.8 to 174.2.

This demonstrates a month-on-month growth of two per cent, the firm noted.

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