08 Dhu al-Hijjah 1445 - 15 June 2024
    
Sign up for newsletter
Eye of Dubai
Business & Money | Thursday 23 May, 2024 1:37 pm |
Share:

London is the top choice for UAE property investors exploring opportunities overseas, finds latest research from Barratt London

Research conducted by Insight Advantage on behalf of Barratt London, a market-leading residential developer in the UK, has revealed that London is the top choice for UAE investors looking to purchase property overseas. The survey, which was conducted this month, set out to identify the preferences of investors in the UAE. 

 

Among the survey participants, 58% reside in Dubai, 28% in Abu Dhabi, and 6% in Ajman. The remaining percentage is evenly distributed across Sharjah, Ras Al Khaimah, Umm Al Quwain, and Fujairah. 

 

When asked to select the five global capitals where they would most likely consider buying property, 69% of survey participants ranked London as their top choice out of a shortlist of ten global capitals. New York, meanwhile, was identified as the second most popular property investment location, followed by Singapore. 

 

Beyond prioritising property investments, either in the UAE or abroad, investors are also interested in cryptocurrency (62%), saving accounts (57%) and stocks and shares (56%). 

 

“The Barratt London UAE research results provide valuable insights into UAE investors' current trends and interests regarding the international property market. The findings suggest that London is a reliable and secure option for UAE property investors, providing them with profitable investment prospects and opportunities for capital growth,” said Stuart Leslie, International Sales and Marketing Director at Barratt London. 

 

According to the survey, the top three compelling reasons for investing in London property are the potential for significant capital growth, renting property, and owning a property in a prestigious global city. The most important London property characteristics identified in the research are a blend of financial benefits and the city’s highly desirable location. 

 

Barratt London’s latest offering for Middle East property investors is the Royal Gateway development. Located in the popular hotspot of Acton, in the thriving London Borough of Ealing, Royal Gateway will offer 300 new apartments with a range of amenities and access to Bond Street in 13 minutes, Oxford Circus in less than 20 minutes and Heathrow Airport in 20 minutes. The area’s regeneration plans include a new high street and two major campuses for Imperial College.

 

With first completions due in late 2025, the four-acre brownfield site will be transformed into a range of one-, two- and three-bedroom apartments, comprising private, affordable rent and shared ownership homes. These will include ten exclusive penthouses, which will be launched at a later date. 

 

Commenting on the launch of Barratt London’s new development, Leslie said: “Royal Gateway will build on an already vibrant community, providing a diverse range of housing options. The development provides investors with a unique opportunity to participate in the biggest regeneration project in the UK, and we anticipate strong demand for the new homes in the Middle East region where the appetite for UK property investments continues to grow.” 

 

Other findings from the recent Barratt London survey include that 84% of those who already own London property are likely to make further investments in the London market over the next two years, and 79% of those who do not currently own property in London are likely to invest in the UK capital by 2026. 

 

The survey revealed that the average value of those with existing London property portfolios was over £2.7 million, with an average growth since purchase of 16.4%. Meanwhile, the average value of non-London property portfolios in the UK was estimated to be over £2.3 million, with growth since purchase of 16.6%, according to the research. 

 

Barratt London officially launched Royal Gateway to Middle East investors on 23 May. Prices for Royal Gateway start from £450,000 (US$ 571,000) for a one-bedroom apartment and £600,000 (US$ 761,000) for a two-bedroom apartment. 

 

A leading developer in quality and construction, Barratt London creates homes built to last in great locations across the city. Other developments include Wembley Park Gardens, Sterling Place, Springfield Place and Hendon Waterside. 

 

Share:
Print
Post Your Comment
ADD TO EYE OF Dubai
RELATED NEWS
MOST POPULAR