The Middle East has started a real push to entice new property investors by offering a host of new schemes reports TheMoveChannel.com.

Some of Dubai’s biggest developers are taking action and launching schemes to try and boost investor interest and lure them back into the marketplace.

Kabir Mulchandani, Chief Executive of Dynasty Zarooni has announced the introduction of a monthly payment scheme. He said: “We need to address the current short-term problem as most buyers do not have access to credit, mortgages or loans. We have also lowered our prices, both in rental and freehold properties.”

Another developer, Omniyat, is also planning to launch a new payment plan soon. Mehdi Amjad, Executive, Chairman of Omniyat, said: “We are considering different payment plans to encourage our customers.

“We have done that before when we created a payment plan where 50 percent was paid in construction and 50 per cent on completion,” he said.

Dubai-based Emaar Properties has launched a ‘To Own' scheme to help make the buying process more straightforward for foreign investors in Dubai.

Through the ‘Plan to Own' programme, Emaar will help potential property investors who can qualify for a mortgage through a bank to bridge the gap by extending their payment plans.

Emaar’s extended payment plan of up to 25 percent of the property value will be paid back by the customer in single annual instalments for five years.

• There was a slight improvement in sales to overseas property investors buying in Cyprus last month.

The Cyprus Land Registry dealt with 158 contracts of sale by non-Cypriots compared to 117 in October, although last November the figure was 287.

Buyers from the UK make up around 50 percent of these property sales, but according to local sources the sterling/euro exchange rate and the problems with developers’ over Title Deeds have pit off property investors looking to buy on the island.

Originally the decision by Cyprus to join the European Union helped the property market reach a record sales figure of 11,281 to foreign buyers in 2007.

But the worldwide recession has seen thousands of holiday homes, apartments and houses remain unfinished and unsold.

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