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African investors eyeing Dubai real estate market

Posted on 13 May 2011

An increasing number of African investors are looking to invest in Dubai’s property market, aiming to capitalise on tax-free returns. According to Damac Properties, a leading real estate firm in the Middle East, the confidence has been boosted by the improving investment environment and a more tightly regulated property market in the Emirate.
The new rules, it says, will make Dubai a more transparent, better regulated real estate market. “We have witnessed a significant increase in enquiries about our Dubai portfolio from African investors looking to capitalise on favourable conditions in a secure market,” said Niall McLoughlin, the firm’s senior vice president……………………………………….Full Article: Source


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