I am looking to buy an investment in Dubai. Where is the best place for capital growth – by the coast or more inland?
You are probably sensible to be looking more at the captial growth in a region like Dubai, rather than seeking to make money from the rental yield side of things. Predicting where the best capital growth will come is very difficult, but when you are looking at properties think about how easy it will be to re-sell. Location counts for a huge amount, as does aspect, or direction the property is facing. Also, you can often expect the properties on the higher floors of a development to sell better than those nearer the ground levels. Always try to buy a ‘best of breed’ property if you have the choice, and this doesn’t necessarily mean the most expensive you can afford. For example, you are better to buy the best two-bedroom apartment in a building rather than a mediocre three-bedroom — not only will it be easier to sell, but the capital growth should be at the top end of the spectrum.
