Dubai has seen a vast increase in investment from both the government and overseas developers in recent years and the country is keen to develop its tourist industry. At the moment, the annual visitor figure stands at around five million but this is set to grow as new attractions tempt additional holiday makers.
"Purchasing a unit in one of the luxury new residences can net you up to 18 per cent rental yields per year"explained one senior Dubai property consultant.
He added:
"With up to 51 per cent tax free growth and an expected 15 million tourists by 2010, the buy to let market is a very attractive prospect for property owners."
