Real Estate Still A Good Investment

The real estate sector is still a good option for investment, despite the current global economic slump, a top UAE businessman says. "It is believed that [in] the long term business investors could have more than 20 per cent profit if they invest in real estate," Eqbal Al Yousuf, president of Al Yousuf Group, told Gulf News in an exclusive interview. "There is no other alternative market for investors and Dubai is still the Middle East's business hub and an attractive destination for investors since its doors were opened to foreign entrepreneurs.

"There are still opportunities for good investments and real estate has the best potential to develop new business in the UAE market amid the economic crisis." Eqbal Al Yousuf holds two degrees, one in computer sciences and another in economics from the University of Minnesota, in the United States. He joined the family business, Al Yousuf Group, one of the largest business houses in Dubai, 26 years ago immediately after graduation in 1983. In an exclusive interview, Eqbal elaborated on his views on the country's economy.