Dubai or Not Dubai (2)

In answer to Dubai or not Dubai, I have just come across this:

"In simplistic terms property markets in oil producing nations, especially in the Middle East, are currently riding high, enjoying a construction boom. With Goldman Sachs forecasting $200-a-barrel oil over the next six to 24 months, OPEC, Russia, and Norway are going to be the winners in the global markets.

A prime example is Dubai where short term investments in off-plan property are proving profitable with prices for re-sales rising dramatically. Finished property is also a popular investment as rental yields are high, currently rising at 20%."

Another clue is the ongoing population growth which can be seen as a sign that the property boom won't end in the near future. Meanwhile I shall have to search out some Moscow and Oslo Apartments to add to the UAE collection.