According to Nicholas Marr, chief executive officer at Homesgofast.com, investor confidence is returning to Dubai's property market.
"It is obvious to me that Dubai will attract a different type of buyer to its housing market … Dubai investors will be in it for the medium to long-term – five years plus – and these are just the type of people that will aid Dubai's recovery," he explained.
Expat health insurance customers who are being relocated to Dubai for work will be in a better position to buy property rather than rent it, he continued, while there are still bargains to be had.
Mr Marr's comments follow Credit Suisse research forecasting that Dubai's property market will gradually improve into 2011.
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