Dubai: London has emerged as the top destination for UAE investors in real estate, according to a new survey conducted by Insight Advantage for Barratt London, a leading residential developer in the UK. The survey was conducted in the UAE, to understand UAE investor preferences.
The survey found that a staggering 69% of respondents preferred London as their top choice for property investment, out of 10 shortlisted global capitals. New York and Singapore emerged as the second and third most popular options, respectively.
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Reflecting upon the findings of the survey, Stuart Leslie, International Sales and Marketing Director at Barratt London stated: “The Barratt London UAE research results provide valuable insights into UAE investors' current trends and interests regarding the international property market."
The allure of London's property market lies in its promise of substantial capital growth, lucrative rental opportunities, and the prestige of owning property in a globally renowned city. Such attributes, as shown in the survey, have always attracted UAE investors.
Barratt London's latest venture, the Royal Gateway development, is a new attraction for Middle East investors seeking investment in London's thriving real estate landscape.
Nestled in the vibrant London Borough of Ealing, Royal Gateway comprises 300 meticulously designed apartments spread over four acres. It is complemented by an array of amenities and unparalleled connectivity with access to Bond Street in 13 minutes, Oxford Circus in less than 20 minutes, and Heathrow Airport in 20 minutes.
The apartments, offering a range of one-, two-, and three-bedroom options, will be completed by 2025.
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The project says Stuart Leslie "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."
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It is not only the foreign investors willing to invest in London property, according to the survey 84% of existing London property owners have expressed intent to further expand their portfolios in the coming years.
Moreover, a substantial 79% of non-London property owners in the UK are poised to venture into the London market by 2026, underscoring the city's enduring appeal as a lucrative investment destination.
Barratt London officially launched Royal Gateway to Middle East investors on 23 May. Prices for Royal Gateway start from £450,000 (US$ 571,000) for a one-bedroom apartment and £600,000 (US$ 761,000) for a two-bedroom apartment.