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Expatriate International Health Insurance news: Dubai 'has investment potential'

Expatriates with international health insurance who wish to invest in land or buildings may wish to consider examining Dubai in the UAE.

Prices of real estate in the city have been falling for a while, but the rate of decline appears to be lessening and some developments that had been mothballed are restarting, according to Paul Collins, editor at overseas property advice website BuyAssociation.

He said "a little bit more optimism" is beginning to be felt, with a "light at the end of the tunnel" and "whispers of starting on the road to recovery".

Nonetheless, there is a significant distance to go if the city's finances are going to become healthy again, the expert argued, adding that it would be difficult to give any indication of when the market will level out.

His comments follow a report from Asteco, which recently revealed that the average price of sales and renting in Dubai has stayed generally static during the last three months.

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