According to a recent YouGov survey commissioned by IP Global, property is the most popular asset class for investors in the UAE. 42 percent of residents invest in property – significantly higher than the percentage that invest in stocks, shares or bonds.
And the US is the number one destination for UAE residents who plan to invest in property overseas. The survey shows that 21 percent of residents would consider investing in the US, with the UK coming in second at 19 percent.
Richard Bradstock, director and head of the Middle East at IP Global, highlighted Miami and Chicago as cities that offer a great deal of potential for Middle Eastern investors.
The recent pattern of Middle Eastern investors divesting from the region and investing into core assets in prime real estate markets outside of the Middle East seems set to continue. The trend began with the slump in oil prices, which has led regional investors to invest into non-oil sectors to protect their remaining capital.
Naseba is a multinational business facilitation company that has spent over a decade building an extensive network of investor contacts in the Gulf region, and leveraging this network for deal facilitation purposes. The company’s investor analysts speak with investors based in the Gulf region on a daily basis, gathering survey results and data regarding their investment preferences and mandates.
Our research indicates that Middle Eastern investors are seeking investment opportunities in stable foreign property markets, including the United States and Canada. Investors are particularly interested in luxury multi-family homes, apartments, castles and villas with the possibility for property and rent upgrade. They prefer to take complete ownership of these properties and employ a company to manage them.
On May 30th 2016, Naseba will be organising a Real Estate Investors Meeting in Kuwait City, Kuwait. At the meeting, real estate investment project holders from around the world will be introduced to qualified investors from the Gulf region, including the United Arab Emirates.
To submit your business case and register for the meeting, click here.
For more information contact:
UAE: +971 4455 7954
USA: +1 773 840 6166