Tourism booming in Dubai and rental market vibrant
Released on = March 26, 2007, 8:15 am
Press Release Author = Principal International
Industry = Real Estate
Press Release Summary = The tourism industry in Dubai is set to receive 15 million visitors by 2010 and that figure does not include the millions of business trips that pass through its International airport every year.
Press Release Body = The tourism industry in Dubai is set to receive 15 million visitors by 2010 and that figure does not include the millions of business trips that pass through its International airport every year.
Principal International, a leading overseas property investment company, say that Dubai is one of the hottest tourism destinations of the World right now and with virtually 29 million passengers going through the airport in 2006, the rental market for holidaymakers and long and short term business trips is extremely vibrant.
This booming market has had a profoundly positive effect on employment and income levels in the area, and experts say that the $6.5 trillion tourism spend is set to rise again in 2007.
Principal International specialises in overseas property investment to UK buyers and have a number of apartments and villas for sale to investors in Dubai, see their website for details; http://www.principalinternational.co.uk/. The rental market in Dubai is still undersupplied and Principal International says that, as much property is still under construction, the gap in the market is waiting to be filled. For this reason investors are still keen to buy property, and with tourism and visitor numbers rising year on year the bubble is not set to burst for some time yet.
Dubai is fast becoming one of the world's foremost business hubs attracting regional headquarters of some major international companies. Its airport serves 100 destinations around the globe and therefore makes it reachable for 2 billion people in a 4 hour flying time. Paul Cooper, Director of Principal International, says "Dubai is a safe and stable place to do business; many of our investors choose to buy here as the economy is stable and buying here is easy especially since the laws have changed to allow 100% freehold ownership for foreigners."
Principal International is one of the UK's leading property investment companies with a wealth of personal experience in overseas property purchase. For further advice, information and to enquire about available property telephone 0800 038 0000.
Web Site = http://www.principalinternational.co.uk