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Due to liberal property laws, Dubai has firmly established itself as a holiday home destination. Complete with regional, political and economic stability, a tax-free environment and the opportunity of a high return rate on investment, Dubai is just one of the prime locations for the sensible and shrewd investor.

Over half of the country (54%) is keen to escape our lousy weather and high property prices according to a recent YouGov survey for the Daily Telegraph. However planning such a move isn’t just about finding the perfect beach resort. It’s also a major financial footstep that entails dealing with foreign currency and tax environments. Hence, and due to liberal property laws, Dubai has firmly established itself as a holiday home destination. Complete with regional, political and economic stability, a tax-free environment and the opportunity of a high return rate on investment, Dubai is just one of the prime locations for the sensible and shrewd investor.

Investors Provident, a leading property investment service believe that diversifying your investment portfolio by buying property in several different countries, for example, can help to cushion you against downturns in any one particular market. Investors Provident’s latest launch, Ocean Heights located in the Dubai Marina, offers a range of stunning views of the now famous Palm Island, where England’s Football Captain David Beckham is reported to have bought a property.

This 50-story development offers easy access to beachfront hotels including the world famous Burj Al Arab, as well as leisure destinations such as the exciting Wild Wadi Park. Investors Provident are offering twenty-six one, two & three bedroom apartments with sizes between 1095sq.ft and 2112sq.ft with prices starting from just £168,000 to £335,000. With only a 30% deposit required on exchange and nothing more payable until 2007, this opportunity can be one of the most profitable and enjoyable forms of medium to long-term investment there is.

Alongside Ocean Heights, are the luxurious Discovery Gardens. Described by many as complete paradise set among lush foliage and desert blooms lawns, Discovery Gardens is entirely what is suggests - a heavenly discovery. Serving as a high-class residential environment, featuring themed gardens, shopping amenities, jogging and cycling trails, this is timeless tranquility and within close proximity to the new Gardens Shopping Mall, Dubai Marina, the Beach, and Dubai Internet & Media City. Investors Provident are offering studio and one-bedroom apartments with sizes from 484sq.ft to 861sq.ft and prices ranging from £55,000 to £99,000 with the option to sell before completion. With the Dubai property market currently booming, this is yet another logical and sound time to invest.

With a highly successful Athens Olympics already in the bag, the appeal and culture of anything Greek is proving to be an instant hit for property investment abroad. International City is an incredible new project located in Dubai that plans to recreate the charm and character of Greece. An incredible 800 hectare development, this is the creation of master developers Nakheel (developers of the world famous Palm Islands and The World Project) and features architectural styles of Greece, Italy, Spain, Morocco, Persia, China, England, and France. Each community will be separated into medium and large sized neighborhood and will eventually house over 60,000 people. This vibrant community will also include retail outlets, restaurants, and future plans include schools and hospitals. Within the Greek cluster, Investors Provident have secured thirty-three studios, and twenty-seven one-bedroom apartments, which are all fully furnished and are priced at £43,000 to £65,000. With two year rental guarantees on all plots, International City could prove to be a promising long term investment.

The current high demand for investment property abroad, particularly in Dubai, is the strongest reflection yet, of the confident in the property market of that region. This sudden growth and the areas rising status is precisely the reason why the cleverest UK property buyers are beginning to pay attention.

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Hetal Shah