According to latest research, the Middle East has seen an increase in the number of investors transferring money to assets.

It has been brought forward by Dubai Land Department figures that, in the second quarter, mortgage lending increased to £1.14 billion, a growth from the first quarter's £1.04 billion.

The confidence in the UK's housing market was described as having a positive knock-on effect in the region, by property portal Homesgofast.com. This might ignite the interest of expats who are thinking of making money transfers to secure assets.

Nick Marr, chief executive of the company said: “The future of Dubai relies on international workers relocating and overseas tourism.”

“It makes sense that when we feel more confidence Dubai will also feel the benefit. There is a feeling that the worst is over amongst the Dubai realtors.”

In the mean time, real estate authority, Colliers International, recently unveiled second quarter figures, revealing that the number of properties bought in Dubai hike by 50%.