Dubai leader welcomes young investors

A group of young investors have been welcomed to Dubai by the city's ruler His Highness Shaikh Mohammad Bin Rashid Al Maktoum.The UAE prime minister took time out to speak with 36 members of the Zurich-based Young Investors Organisation and he offered a few words of advice to the youngsters, the WAM news agency reports.Mr Al Maktoum said he was pleased that they had chosen to explore the many investment opportunities that Dubai has to offer, particularly in the renewables sector.The meeting took place at the Dubai International Financial Centre and the group will also host a three-day forum in the emirate.Dubai's tourism industry has grown significantly over the years and the city's property market has also recovered well in the past 12 months, so it is no surprise to see the next generation of investors turning their attention towards the UAE.Mr Al Maktoum told the news provider: “Dubai is pleased to welcome ambitious young investors who are looking for a safe place to settle down, live, invest and achieve personal goals and to contribute to the economic growth of the country they invest in.”He added that Dubai's meteoric rise is a good example for ambitious investors to follow, as the city clearly knows what it takes to overcome tricky obstacles.”The global financial crisis was the major challenge facing us, but we by nature love challenges because we are the people of the desert,” the Dubai ruler continued.A recent study by Jones Lang LaSalle highlighted just how strong Dubai's real estate sector is at the moment.While residential buildings have been selling well for quite a long time, the demand for offices and other commercial properties has been largely subdued – until now that is.The research indicated that all divisions of the city's real estate market are in a strong position to grow in 2013 and this is the first time this has happened since mid-2008. Taylor Scott International