Don't fall for the charms of Dubai property

Should you invest in Dubai property? Many leading property developers certainly wouldn't - and with oversupply the least of Dubai's problems, you'd be wise to follow their advice.

I wouldn't put a penny of my money into Dubai, says Stuart Law of investment property firm Assetz in The Independent. "It's a city based on consumerism. I'm not sure that guarantees its role as a long-term holiday home location. I wouldn't buy there." Several property developers and agents in the region have now begun echoing Law's opinion. Dubai's sustainability as a resort isn't the only worry though, as there is also concern that the supply of property in Dubai has begun to outstrip demand.

Dubai property: buying could be easier than selling

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.