84% of those who already own London property may make further investments in the market over next two years
Staff Report
Dubai: 69 per cent of UAE investors ranked London as their top choice, out of a shortlist of ten global capitals, for purchasing property overseas.
Research conducted by Insight Advantage on behalf of Barratt London reported that the top three compelling reasons for investing in London property are the potential for significant capital growth, renting property, and owning a property in a prestigious global city.
The most important London property characteristics identified in the research are a blend of financial benefits and the city’s highly desirable location.
Among the survey participants, 58 per cent reside in Dubai, 28 per cent in Abu Dhabi, and 6 per cent in Ajman. The remaining percentage is evenly distributed across Sharjah, Ras Al Khaimah, Umm Al Quwain, and Fujairah.
New York, meanwhile, was identified as the second most popular property investment location, followed by Singapore.
Valuable insights
Beyond prioritising property investments, either in the UAE or abroad, investors are also interested in cryptocurrency (62 per cent), saving accounts (57 per cent) and stocks and shares (56 per cent).
“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.
Barratt London’s latest offering for Middle East property investors is the Royal Gateway development. Located in the popular hotspot of Acton, in the thriving London Borough of Ealing, Royal Gateway will offer 300 new apartments with a range of amenities and access to Bond Street in 13 minutes, Oxford Circus in less than 20 minutes and Heathrow Airport in 20 minutes. The area’s regeneration plans include a new high street and two major campuses for Imperial College.
With first completions due in late 2025, the four-acre brownfield site will be transformed into a range of one-, two- and three-bedroom apartments, comprising private, affordable rent and shared ownership homes. These will include ten exclusive penthouses, which will be launched at a later date.
Unique opportunity
Leslie said: “Royal Gateway will build on an already vibrant community, providing a diverse range of housing options. The development provides investors with a unique opportunity to participate in the biggest regeneration project in the UK, and we anticipate strong demand for the new homes in the Middle East region where the appetite for UK property investments continues to grow.”
Other findings from the recent Barratt London survey include that 84 per cent of those who already own London property are likely to make further investments in the London market over the next two years, and 79 per cent of those who do not currently own property in London are likely to invest in the UK capital by 2026.
The survey revealed that the average value of those with existing London property portfolios was over £2.7 million, with an average growth since purchase of 16.4 per cent.
Meanwhile, the average value of non-London property portfolios in the UK was estimated to be over £2.3 million, with growth since purchase of 16.6 per cent, according to the research.
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