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International Health Insurance News: Dubai 'has fantastic property deals'

Expatriate international health insurance customers may wish to consider purchasing property in Dubai.

According to Paul Collins, editor at property website BuyAssociation, "fantastic deals" can be found by people who research the market properly.

Generally, foreign investors are only buying land if there is an "extra incentive", such as significant reductions in cost or 100 per cent financing, he noted.

There are particularly good opportunities to make money on new projects, but older buildings with potential financial benefits can also be purchased, he asserted.

Mr Collins argued that the lettings industry collapsed a number of years ago after a successful period and has remained rather difficult to operate in.

"There is an awful lot of property on the market for rental" in the city, he argued.

His comments follow research from real estate consultant Cluttons, which found that the rate of decline for Dubai residential building rates slowed during the second quarter of 2011, although it continued to fall.

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