London property investment is extremely popular with investors from the Middle East and that is on course to increase further by the end of 2017.
The same Gulf investors that like a good London property investment tend to also like to invest on home soil and when you take a look at the Dubai real estate market it is easy to see why.
Over AED151 billion ($41 billion) invested by 217 nationalities in Dubai property between January 2016 and June 2017.
According to Dubai Land Department, in the time between January 2016 and the end of June 2017, UAE nationals ranked first in the list of investors in Dubai’s property market.
A recent research found that Emiratis made about 12,000 investment transactions worth AED37.4 billion.
“This list has been unveiled at a time, when our real estate market is preparing for a new phase of growth in the run-up to Expo 2020. We are pleased to have witnessed such a high level of interest from global citizens in Dubai, who have invested over AED 151 billion across 71,000 real estate transactions in just 18 months,” said Sultan Butti bin Mejren, Director General of Dubai Land Department
Bin Mejren said that 217 nationalities had invested a total of AED151 billion in Dubai’s real estate market. “This demonstrates the confidence that the world has in our real estate environment, which is characterised by a strong regulatory system that provides safety and security for all parties,” he said.
Part of the reason that many choose to invest in the Dubai property markets is that the government does not have any direct income, corporate or property taxes, the same cannot be said for any London property investment that they make.
According to Knight Frank, Dubai law has no restrictions on the number of properties that a foreign investor can own, whilst at the same time Sir Vince Cable wants to restrict the amount of properties overseas investors can own, Dubai property 2 – London property investment 0.
To further add to the attraction of Dubai property investment the local rental yields are some of the highest yields in the world, according to Property Finder Group.
With all these things that Dubai property investment has going for it, one wonders why any gulf investor would even think about making a London property investment at all, well it might have something to do with the incredible capital growth the sector has achieved over years, right!
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