Property in Dubai will continue to attract high demand despite the fact that the area lacks affordable housing, experts have claimed.
Foreign investment in the country has increased in recent years, particularly in the area of housing, with the government providing tax incentives to promote market growth.
Rhiannon Williamson, the director of independent property publication Amberlamb, said that luxury property was still in sufficient demand in the emirate that investors would continue to develop it and would not need to look to affordable options.
Investors could make greater profits through constructing and selling luxury properties, she explained.
Ms Williamson said that while demand remained for homes remained strong in Dubai, the area's property price appreciation attraction had diminished since the early years.
"But looking to the longer term Dubai is in a position to support a mature, well rounded property market which will be of longer term interest to investors rather than shorter term interest for speculators," she said.
Investors looking to enter the property market in Dubai should commit for the long-term to gain attractive rental yields and steady property price appreciation, she added.
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