Media monitoring services compiling news from the major news providers in the UAE
Investors 'more confident' in UAE assets
Jun 27, 2012
International investors are feeling more confident in the UAE as somewhere to place their funds.
This is according to the latest Investor Attitudes Report from Friends Provident International (FPI), which sets out the findings of a survey on sentiment regarding assets in the UAE, Singapore and Hong Kong - including property.
The UAE appears to have the most stability of the three regions, FPI chief executive John van der Wielen said in his foreword. Indeed, the company's figures suggest the nation has seen a fairly stable level of confidence since the second quarter of 2011.
Affluent investors were found to be the most likely to invest in real estate in the UAE in the three months to June 2012, with 50 per cent of this group opting for residential property - which was also the most popular type of asset among the wealthy.
Despite this, there is still some way to go before the country's property sector regains its full strength, according to experts.
"I don't think that we can expect activity levels to return anywhere close to pre-crisis levels in the UAE's domestic market," Capital Economics analyst Said Hirsh told Gulf News earlier this month.
However, a number of estate agents have seen an increase in buyer inquiries, with up to one-third of these resulting in a sale, the publication reported.