The survey of UAE residents found that 69 percent chose London as their first choice among a list of ten global capital cities when considering investing in residential property abroad overseas by investors from the UAE, according to new research by Barratt London. The survey of UAE residents found that 69 percent chose London as their first choice among a list of ten global capital cities when considering investing in residential property abroad.
London tops preference for UAE property investors overseas New York and Singapore were respectively the second and third most appealing destinations according to respondents in the research conducted by Insight Advantage on behalf of the British developer. The majority of those polled, 58 percent, live in Dubai while 28 percent reside in Abu Dhabi. When asked about other investment options, interest in cryptocurrency, savings accounts and shares was also uncovered “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,” Stuart Leslie, International Sales and Marketing Director at Barratt London said. Those already owning a property in the British capital are “likely” to invest more over the next two years, the report said adding that 84 percent indicated they will do so. Almost eight in ten without London holdings may purchase by 2026. Portfolios held overseas average £2.3 million in value elsewhere in the UK, rising 16.6 percent since buying. For London, the figure exceeds £2.7 million with 16.4 percent growth according to the research.
