UAE investors lock in long-term value in London real estate

The UK’s education system, business considerations and long-term capital preservation are the important factors that make London a top property investment destination by many Middle Eastern high-net-worth individuals (HNWIs). For first time purchasers looking to enter the market, enquiries for new-build developments are concentrated below the £2 million (Dh9.52 million) or above the £5 million mark, according to a report. “As these properties are predominately acquired for clients and their families to be used when they visit London, top of the line amenities and service/concierge offerings associated with these new developments continue to be a key draw,” the report said. The report further noted that Prime Central London (PCL) continues to be attractive to property investors strong, despite the ongoing socioeconomic impact of Brexit. “Traditional UAE investors, with established residential portfolios in London are increasingly looking to take advantage of the ongoing market conditions, acquiring upgraded or larger units in PCL, which are now perceived to be fairly priced.” Capital preservation and PCL’s inherent appeal is deeply understood by the UAE and wider Middle East-based investors/end users who have historically shown a keen interest in properties within the PCL districts – education, business and secondary homes being the primary demand drivers for this demographic, the report stated.