Off Plan Property for Sale in Dubai from Damac Properties

The Off Plan Property Exchange is currently advertising a wide range of Dubai investment property for sale from Damac Properties.

>> View the full range of Damac Properties for sale in Dubai on the Off Plan Property Exchange Website.

Property Investment potential in Dubai the UAE

Situated on the Persian Gulf between Saudi Arabia and Oman, The United Arab Emirates (UAE) has a thriving economy and a booming tourist industry attracting interest and investment from around the world. The capital Abu Dhabi is scheduled to receive investment of $1 billion a year in tourism over the next ten years; the UAE presents many opportunities for the overseas property investor. The importance of tourism has grown rapidly in the UAE, with luxury facilities, unrivalled weather, and easy access attracting visitors from around the world, and accounting for 0.5% of total tourist demand worldwide.

The UAE tourist industry is forecast to generate $33,920 million in 2007, growing to $53,330.6 million by 2017, with total demand expected to grow by 9.5% in 2007 and 4.9% per year until 2017. The most popular destination of the UAE is Dubai, whose immense commitment to tourism is clear. According to the Dubai Development and Investment Authority, tourism is the fastest growing sector of Dubai’s economy, with 11.6% of its GDP invested into the sector, representing no less than $1.9 billion of economic activity. The Government’s vision is to increase the number of visitors to Dubai from 2.8 million in 2000, to 10 million by 2010, and they are well on target for this figure. More than six million visitors were recorded in 2006, generating $3 billion into the region and creating an impressive 82% hotel occupancy, - second only to London and New York (Source: The Department of Tourism and Commerce Marketing).