Investors from Britain form the second largest group of foreign buyers in Dubai, investing 1,884,014,000 in 2015. This is a figure that already makes up 7.5% of the total investment in Dubai property.
In recent years, those investors based in London have shown an interest in three different areas. These are Dubai Marina which saw 11,056 investments made during 2015, Palm Jumeirah which saw a total of 9,022 investments made during 2015 and BurjKhalifa which also saw 6,849 investments during 2015. All three areas saw an increase when compared to previous years.
Statistics show that investors are choosing to purchase residential apartments instead of Villas with apartment sales reaching 29,746 compared to 2,415. The total number of apartment purchases makes up 77% of all investments made by UK investors.
So why do London based buyers choose to invest in property in Dubai?
The UAD has shown a high level of stability in recent years and its economy is growing. Investments see a healthy return and this is the main reason why international investors are widely accepted. Dubai is known to be a destination that is favoured by tourists but also by international investors and it is also one of the happiest cities in the world.
During 2015, over 14 million visitors stayed overnight, this is a rise from the figures seen in 2014. The city also saw a substantial growth in tourism which now makes it one of the most visited cities in the world. The tourism figures also help to boost the stability of its economy.
Investment in property for sale in Dubai is now as strong as ever and this is the way in which it is regulated. They have taken international industry standards and used them to introduce requirements that are quite strict. While Dubai is known to offer exceptional financial benefits this is not the only reason for investing because the whole process is efficient and simple.
What makes Dubai the place to invest?
First of all, it is perfectly located and this means that UK investors can get there in just a few hours. It has created an infrastructure that is one of the best in the world and its regulatory environment makes it appealing in a number of ways.
When it comes to carrying out business in Dubai, its come out on top in the Ease of Doing Business report for three consecutive years. This makes it a lucrative area to invest for expats but also global foreign direct investment. In 2015, Dubai experienced AED 28.6 billion in Greenfield foreign direct investment and saw a significant amount of growth in the number of Greenfield projects.
This helped Dubai to become ranked 4th in the world in the number of Greenfield projects and 6th in the amount of foreign capital it attracted during 2015.Read More →