Released on: January 24, 2008, 6:16 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Investors in property abroad have frequently been drawn to
Dubai in recent years, with the fast-rising and oil-rich emirate seeing massive
growth in its economy, ex-pat population and tourist numbers

Press Release Body: Investors in property abroad have frequently been drawn to Dubai
in recent years, with the fast-rising and oil-rich emirate seeing massive growth in
its economy, ex-pat population and tourist numbers. Now it is even reaching for the
sky in the ostentatious manner of so many Asian cities in recent years by breaking
the record for the world\'s tallest building, with the Burj Dubai, still under
construction, already surpassing the Taipei 101 Tower and the Petronas Towers in
Kuala Lumpur.

Yet despite all this, Dubai is still not Asia\'s favourite property investment
destination, according to Nick Marr, chief operating offer of Marr International,
which runs the HomesGoFast.com website. Instead, he stated, India has taken that
mantle and investors have switched attention from the Gulf to the Subcontinent.

He said: \"For us, in 2008, a lot of investors that had invested in Dubai, or thought
about it in the past, are now looking to India.\"

Mr Marr gave many reasons for this, such as the low cost of property which included
properties in Goa for as little as £9,500. Then there were the Special Economic
Zones, such as Rudrapur, where various government incentives had attracted in 500
major companies already and yet even there properties in India could be had for
about £26,000.

He added: \"If you are buying property at that sort of price in a country that is
expanding and you have strong economic forecasts, then you are going to make some
money. In five years time it\'s not going to be £26,000.\"

This is a view even held in Dubai. While still labelling the Gulf location as \"up
there with the hottest right now\", gulfnews.com property writer Ryan Mahoney said
India was on course to grow by an \"amazing\" 30 per cent a year between now and 2010
and would become a \"huge international property destination\" as a result.

All this, of course, is driven by the high economic growth rate India is enjoying,
part of which comes from the Special Economic Zones. Of course, high growth has not
been an unusual feature among emerging economies in Asia in recent decades. But
perhaps the most notable growth projection is that of HSBC.

In its assessment of the 12 leading Asian economies, the bank suggested that a
recession in the US this year would dent growth in some of them, with Singapore
taking a small knock and Japan and Taiwan suffering the worst from an American
downturn, reports channelnewsasia.com.

Yet this will not, HSBC suggested, harm the big beasts of India and China much, a
fact which may give new heart to those looking to invest in property overseas. The
world\'s largest democracy may also be the hottest property spot for years to come.


In today\'s world Property investment is an excellent investment option especially
investment in UK

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