Potential buyers seeking overseas property for sale could find some excellent deals in Dubai, advice site BuyAssociation has said.
This week, Cluttons reported that residential rates in Dubai continued to fall during the second quarter of 2011, although the rate of decline has slowed significantly, potentially indicating the cusp of a turnaround.
Paul Collins, editor at BuyAssociation, said there are certainly some attractive opportunities in the UAE city, but there is so much property for sale that buyers really need to do their homework.
"The rental market dropped hugely a couple of years ago, so there are a lot of people who were relying on rental income to pay the mortgage on the properties and have not been able to do it, so that side of things is difficult," he added.
In the wider overseas property market, Mr Collins said there is still a good deal of activity, but there is also a trend for adding extra incentives to deals, such as 100 per cent finance or discounts from the perceived market value of properties.
Check out the Homes Overseas guide to buying property in Dubai to find your perfect property.
See Also: Dubai (49), Overseas Property Market (2)
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