Our graph demonstrates that we do not expect returns on Metropolis Lofts to outperform the capital value increases seen in Dubai over the last two years. Investors who entered the Dubai residential market over this period have done exceptionally well.

Neither, however, do we expect a fall in capital values, forecasting instead 10% capital growth per annum in calculating the likely return. We consider Dubai's population growth, and hence demand for residential property, will exceed expectations.

It is our belief that Dubai is entering the exponential phase of a classic sigmoid growth curve, with immigration driven by the completion of a number of high profile developments, including Burj Dubai (the world's tallest building), Dubai Land (bigger than Disney World), Jebel Ali airport (the world's largest) and the Dubai Metro