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British Nationals invest US$8.47 bn in Dubai realty in 4 years, as Dubai developers join in IREIS 2018 – UK Edition to attract buyers
Abu Dhabi, United Arab Emirates, 06 May, 2018:British nationals have invested Dh31.1 billion (US$8.47 billion) in Dubai’s real estate during the last four years (2014-2017), according to the statistics released by Dubai Land Department (DLD). Of these, property buyers from the United Kingdom have invested Dh 6 billion in 2017, Dh 5.8 billion in 2016, Dh10 billion in 2015 and Dh 9.3 billion in 2014, DLD statistics show. This gives UK, the privilege of the third largest international source market for Dubai real estate
Following the Brexit vote in 2016 and subsequent move for separation from European Union by the British Government, Britain has witnessed a massive outflow of capital towards outbound investment.
Besides, the sound regulatory environment and solid foreign investor protection makes Dubai an ideal market for investment for British investors and other foreign investors in Britain who want to invest their money in a more stable and higher-yield market and the UAE fits the bill.
Sensing this, a number of UAE property developers have tried to reach out to British home buyers and investors, by setting up offices and appointing brokers to promote Dubai’s real estate in the UK, especially in key cities of London, Manchester and other centres.
The International Real Estate and Investment Show (IREIS) is also set to bring the biggest international names in the real estate and investment industry to London with IREIS 2018 – UK Edition. To be held at the Queen Elizabeth Centre from June 22 to 23, 2018; the show serves as a one-stop shop for UK investors who are seeking for the perfect investment opportunities in the UAE.
“The UAE holds exactly what British investors look for in each venture: high quality real estate with a promising return on investment. This opportunity, combined with a prosperous economic growth and stability are vital drivers to the UAE’s increasing investors’ base.”
The global economic upswing provides a strong platform for 2018. Buoyed by the outlook, investor appetite shows no signs of abating, while businesses are expanding their space requirements. However, after such a stellar 2017, it will be difficult for the global real estate market to match last year’s impressive performance, said a latest report by Jones Lang LaSalle, a global real estate advisory.
“Global real estate transaction volumes for the fourth quarter of 2017 came in at US$228 billion, 10% higher compared to the same period last year. This brings full-year volumes for 2017 to US$698 billion, 6 percent above last year’s total,” Joes Lang LaSalle said in a latest report.
“While political uncertainty still looms, investors remained confident in the performance of the real estate sector, reflected in fourth quarter 2017 global investment volumes surpassing the previous quarterly peak set in 2014.”
Additionally, IREIS 2018 – UK Edition will highlight a variety of investment opportunities in Pakistan, USA, Canada, Cyprus, The St. Kitts and Nevis, Granada and Dominica through trusted investment and real estate agents.
With an expected of more than 3,000 high net worth visitors, the show creates a huge impact among British residents and its expat community to explore a number of countries and its outstanding advancements. Georges added, “The IREIS 2018 – UK Edition enables direct engagement between investors, real estate buyers and real estate companies as well as finance houses. We are delighted to present over 100 of the latest projects from more than forty exhibitors, all of which are located in various areas of the world including business districts, free zones and up-and-coming neighbourhoods offered with the best investment plans and guaranteed returns.”