Abu Dhabi, lucrative alternative to Dubai for Middle East property investors
Source: Pan Asian Media for Wealth Arabia Summit , Author: Posted by BI-ME staff
Posted: Fri November 30, 2018 12:41 pm

UAE. Speakers at the Wealth Arabia Summit Dubai have observed that Real estate trends that the Wealth Arabia Summit addressed include: best practices in solving issues arising from cross-border real estate transactions, exploring trends and benefits of cross-border real estate transactions and unique and exciting case studies for HNWIs to learn from.
 
Luann Chamayne Parker, Director, Business Development, IMKAN Properties, said: "Abu Dhabi real estate investment offers attractive 30% yield and a better value proposition. The Emirate has strong economic footings having 60% of GDP of the entire UAE, and holds the world's second largest fund."
 
The very top of Abu Dhabi's residential sales market has been relatively positive, and is showing signs of stabilising. Sea facing villas on Saadiyat Island for instance, which remain the most expensive residential property type in the UAE capital, have seen no movement in prices for two consecutive quarters. This trend is likely to help tempt buyers back into the market especially as we feel the stability is likely to persist.
 
"For investing outside the UAE, London is the most sought-after choice for UAE and Middle East investors due to London's stable economic, political and social systems" said Murray Strang, Head of Dubai Management of Cluttons, a London-based property consultancy with office across the Middle East.
 
The Central London office market is currently undergoing a period of significant change, but with big change comes great opportunity. For UAE investors, Shariah compliant real estate investment attracts due to its clarity and interest.
 
Racha Alkhawaja, Group Chief Distribution and Development Officer of Equitativa Group, said: "Real estate by nature is a long term plan. Currently slow market is good time for buyers for future investment that passes on to the children. Real Estate Investment Trust (REIT) she says are important for institutional investors with long term plans.
 
Carefully selected keynote topics and speakers solidify the summit's objective of providing actionable investment advice. William Mullally said, "Thankfully, in 2019, there is no 'get rich quick' scheme to be had—nothing to give more calm heads the oft misleading fear of missing out and point them in a rash direction. What we're left with is the sort of landscape which is difficult to navigate as an inexperienced investor, but on which the greatest thrive."
 
Sponsors for WEALTH Arabia Summit 2018 include Sobha Realty, CS Global Partners, IG, and FFA Private Bank. Exhibitors include INSEAD, Invest Cyprus, Aristo Developers, Pafilia, KHGP and KIBRA.

Photo caption L-R: William Mullally, Editor, WEALTH Arabia; Murray Strang, Head of Dubai Management at Cluttons

About Wealth Arabia Summit
The Wealth Arabia Summit is the only platform in the region built from the ground up that specifically caters to high net-worth individuals (HNWIs) and their most trusted representatives in wealth management. Since its inception in 2016, the summit has established itself as the premium forum bringing together the region's HNWIs, senior investment executives and service providers for actionable investment advice from the world's most informed.
 
Previous speakers include Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group (Keynote, 2016.), Gary Dugan, Former Chief Investment Officer, Emirates NBD & NBAD (Keynote, 2017.), Remy A. Bersier, Global Head of Emerging Markets & Member of Executive Board, Julius Baer (Panelist, 2017.), Sherif Wahba, Managing Director & Member of Executive Board, Goldman Sachs (Panelist, 2017.) and many more.

 

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