Dubai 'a long-term investment' market

Date: 14/01/2009 11:55

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Brits looking for a holiday home to eventually pass on to family could find that getting travel insurance and jetting off to Dubai is a good option for finding the perfect home.

Purchasing a holiday home abroad might mean frequent trips overseas, meaning holiday insurance should always be included in the trip budget.

Helen White, marketing director of Select Property, said that property in Dubai will be "more of a medium-to-longer-term investment" than short-term.

However, Ms White also commented that people were being cautious and taking more time to make a "considered decision" about buying abroad.

Figures published by Global Realty Partners in 2007 revealed that United Arab Emirate nationals accounted for 15 per cent of all property purchases in the region.

In total, 40 per cent of property was purchased by Asian individuals and a fifth by Europeans.

InsureandGo holiday insurance can help to reassure Brits that should they need to travel to Dubai to check out some property, any problems on the trip will be covered by their policy.
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