GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share
  • 40% of UAE adults plan to invest in property in the home country in the 12 months
  • 18% plan to invest in property overseas in the next year
  • North America, UK, Australia and Germany are preferred locations 
Dubai, UAE, 08 January,  2018 –   The annual YouGov survey conducted by IP Global, the leading full-service property investment company, has confirmed that property remains the preferred investment asset by UAE residents, with 40% of residents planning to invest in property in the UAE and 18% planning to do so overseas in the next year. 
 
In a bi-annual study taken by 1000 people, when choosing which asset type to purchase, property ranked above stocks, shares or bonds (27%), highlighting the continuous appeal of real estate, possibly due to the stable, reliable returns it offers. Despite the recent political global events, the latest YouGov study also showed a 7% increase in appetite by UAE residents in the last six months for property investment.
 
When UAE residents were asked where they would consider purchasing property abroad, Canada (20%) and the USA (20%) were the most popular countries selected from the list. The UK with 15%, plus Germany and Australia with 12% each completed the top five preferred investment destinations.
 
In terms of demographics the YouGov study showed that there is no longer a gender divide, as whereas property investment had previously been seen as a male pursuit, now a similar percentage of women are looking to purchase assets. For example, in 2018, 41% of females are considering buying property in their home country in comparison to 39% of men. However, women still slightly lag behind in regards to overseas investment, as 14% of females are looking to purchase property abroad in relation to 20% of men. 
 
Richard Bradstock, Director and Head of the Middle East at IP Global, said: ‘The results of our second YouGov study are extremely positive and indicate that more and more UAE residents are looking to purchase property in the next 12 months. 
 
‘On a global level, property continues to offer excellent prospects for capital growth. For example, North America continues to be an attractive market for the UAE residents, due to the impressive returns it offers investors, as shown by Chicago which has experienced an 36% increase in house prices in the last five years while rental yields have increased 10% between 2016-2017.
 
‘Closer to home, as the most mature market in Europe, the UK has always been popular with overseas investors. London, due to its chronic housing deficit and the government's increased spending on infrastructure, remains a solid investment choice. However, recently we have also seen a change in buyer behaviour. UAE residents are now looking beyond Central London for more affordable properties in regional cities such as Birmingham, Manchester and Liverpool. Of note, Manchester has caught the eye of investors as house prices have risen 25% in the last five years with rents forecast to increase 20.5% from 2017 to 2021.
 
‘Within Europe, Berlin's recent economic boom and population influx mean that the German capital is being viewed as a promising destination for property investment.  With a current 40% housing deficit, Berlin's rental market is strong, with between 5.1% and 6.9% rental growth in the past three years, and approximately 6% in 2016 (5). On a whole, Germany is the perfect investment opportunity for UAE residents, as overseas investors do not have to pay any capital gains tax for properties owned for more than ten years. 
 
‘Overall, we are delighted that the YouGov study has shown the increased appetite of the UAE residents for property investment and in the current market, with a weak pound making it cheaper for USD pegged investors to buy property abroad, real estate is calling out: the time is now.'



Posted by : GoDubai Editorial Team
Viewed 10559 times
Posted on : Monday, January 8, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Awqaf and Minors Affairs Foundation Inaugurates Khalaf Ahmad Al Habtoor's Endowment Project Worth AE...
Next Story : National Bonds handing over the second phase of Motor City Green Community Villas
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
MAC - Hyper Real Glow
M∙A∙C Mineralize Total Detox
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C bein...
5 things to know about collagen
Fresh Hair in an Instant with SHOW Beauty
PUMA and Sahntell Martin Unveil Debut Collection
Amadeo® Fleurier 39 “Fan”
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
Mother's Day Gift Guide 2018 from The Little Birdy Group
Moreish Café in Dubai introduces a healthy Quinoa Burrito
True Colours
Robinsons Honored for Outstanding Store Design
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare...
Splash receives 2 awards
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French phot...
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour
RAK Hospital launches the biggest weight-loss challenge in association with MoHA...
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired ma...
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Food Lovers Rejoice: Dubai Food Festival Is Back This Month
Mealtop, Introducing a Whole New Dessert Experience
Al Ahli Holding Group to redefine the UAE value shopping category through an AED...
British Orchard Kids Kingdom Nursery wins Sharjah Economic Excellence Network Award
Global Dialogue for Happiness: Bestselling Author Advises Governments to Integra...
Optim-Eyes Lashes & Brows with Filorga
WGS 2018: Governments Need to Prioritize Wellbeing of Citizens, Say Internationa...
Voting for Superbrands 2018 has commenced
Under the Patronage and Presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Member ...
The Robots Are Coming: Ministry of Finance Brings Artificial Intelligence to Dub...
The new BMW HP4 RACE arrives at Abu Dhabi Motors – one of just 750 built
WGS 2018 Global Dialogue for Happiness: Australian Expert Underlines Importance ...
Leading Scientists, Astronauts Share Insights on why Space Exploration Matters a...
NEZO launches new identity to guide consumers in selecting the best salt for the...
Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP
New Report from Accenture and the World Government Summit Finds That Regulators ...
ADNOC Schools Team Wins Etihad Artificial Intelligence Competition
Potential automation of 20 million jobs in the Middle East
Kristoff Secures Fourth as European Champion Edges Closer to a Podium Finish
WGS 2018 Global Dialogue for Happiness: Former Finland PM Discusses Secrets of S...
'Stranger Things' Spring Camp!
UAE launches seed grants to support new research into space settlement & space h...
First Ever UAE Race Car Fitted with Immensa 3D Printed Parts
WGS 2018: Innovation to Propel Dubai into the Next Century
Garbiñe Muguruza Hungry for Success at Dubai Duty Free Tennis Championships
WGS 2018: Governments of the Future Must Work Smartly with Innovation and Technology