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Dubai debuts on global property investment hotspot list

Dubai: IP Global, a leading property investment company specialising in securing prime investment opportunities in emerging and developed markets around the world, has announced the release of its latest Property Barometer for third quarter 2013.

This quarter, the barometer showcases only what it calls ‘bright’ categories, therefore the best investment destinations at the current time. Dubai and Edinburgh make debut appearances in the third quarter investment ‘hot list’, alongside U.S. destinations including Chicago, New York, Boston and Seattle, and the Australian cities of Melbourne, Sydney and Brisbane. German cities Munich and Berlin, which were favourites in the first quarter, have made a comeback and Tokyo makes its second appearance of the year.

Paul Preston, Director and Head of IP Global Middle East, commented, “We are pleased to see Dubai benefitting from rising economic confidence across the MENA region. Here, prices have risen an impressive 11.9 per cent in 2013 to date, with potential for more growth in a market that remains 30 per cent below the peak levels of 2008. The ever increasing inflow of expat workers in the city from all over the world is a key factor in driving consistent rental rises.”