British nationals invest AED31.1 billion in Dubai realty in 4 years
Source: Pan Asian Media for IRES 2018 , Author: Posted by BI-ME staff
Posted: Mon May 7, 2018 7:38 pm

UAE. 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 Dh6 billion in 2017, Dh5.8 billion in 2016, Dh10 billion in 2015 and Dh9.3 billion in 2014, DLD statistics show.

News Highlights
- British nationals have invested US$8.47 bn in Dubai’s real estate in four years
- Global real estate transaction value grew 10% to US$698 billion in 2017
- Sustained investor appetite for European real estate led to a 22% increase in volumes during 2017, with all European regions registering growth.
 
 
The United Kingdom is one of the largest investment source markets for Dubai’s real estate. Although the annual investment has been declining from Dh10 billion in 2015 to Dh5.8 billion in 2016, this has somewhat bottomed out in 2015 and grew marginally to Dh6 billion in 2017.
 
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.
 
“Sustained investor appetite for European real estate led to a 22 percent increase in volumes during 2017, with all European regions registering growth,” Jones Lang LaSalle said in the latest report.
 
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 II 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.
 
Organised by DOME Exhibitions, the IREIS 2018 – UK Edition will host a spectrum of property developers, investment and real estate brokerage companies which will showcase the latest offers across the seven emirates and around the world.
 
“A country that thrives with its low tax environment, world-class infrastructure and 100% ownership prospects for foreign investors in selected zones, the UAE has rapidly risen as one of the most sought-after choices among foreign investors,” Antoine Georges, Managing Director of DOME Exhibitions, says.
 
“With the upcoming Expo 2020 Dubai ahead, the country is expected to possess such key drivers that will uphold a healthy outlook for the real estate market, further cementing its position as the top tourism and business hub in the world. Several government initiatives had also been launched to fast-track investors’ transactions within the country, with the Dubai Land Department reducing transaction period to 10 days.
 
“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 the 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 percent 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 citizenship by investment opportunities in countries including Pakistan, USA, Canada, Cyprus, The St. Kitts and Nevis, Granada and Dominica through trusted investment and real estate agents. In an aim to support not just the local but the expatriate community, this will showcase dual citizenship options which seek to build investors’ assets across nations and in turn, diversify their wealth and benefits.
 
“Dual citizenship can prove to be advantageous for entrepreneurs and businessmen who wish to improve their quality of life. When considering investment conditions and tax regimes, the ability to shift to another country with more favourable conditions will allow those with the resources the opportunity to improve their quality of life,” said Georges.
 
The IREIS 2018 – UK Edition is a distinctive sales and networking platform where leading real estate professionals are brought under one roof to fortify their position in the international market through spot sales, heavy discounts and exclusive monthly payment plans. 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.”
 
Table

Investment by British Nationals in Dubai’s Real Estate 

Year

Value

2014

Dh9.3 billion

2015

Dh10 billion

2016

Dh5.8 billion

2017

Dh6 billion

Total

Dh31.1 billion


 Photo Captions:
1. (above) Queen Elizabeth II Centre
2. (inset) For illustrative purposes only (File photo)

About The International Real Estate & Investment Show (IREIS)
Established in 2005, The International Real Estate and Investment Show (IREIS) is a sales and networking platform for real estate developers, investors and agents. The show was launched with the vision of becoming the most preferred real estate investment platform for locals and expats. During the golden period of Real Estate, the exhibition witnessed approx. US$1/2 Billon worth of transactions take place from over 20,000 visitors.
 
The platform is now a regular attraction for investors from the UAE (Abu Dhabi, Al Ain, Dubai, Sharjah), Oman, Kuwait, Bahrain, Jordan, Egypt, Lebanon, Turkey, Cyprus Palestine, India, Pakistan, Britain, Canada, China and the Philippines. The exhibition includes pavilions from the UAE, Jordan, Egypt, Pakistan, Philippines, Spain, Cyprus, Morocco, Turkey and India.

For more information, please visit http://realestateshow.ae/
 
Dome Exhibitions
Dome Exhibitions, headquartered in Abu Dhabi started servicing the multi-billion dollar MICE industry in the Middle East as an event management and stand contracting company from 1991 onwards. Fuelled by the growth of the regional exhibition industry, a branch opened in Dubai in 2002.Moving in tandem with the growing exhibition industry and understanding the pulse and need of the local market, we started organizing exhibitions and conferences in 2000.

 

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