Dubai Becomes a Haven for UK Commercial Property Investors
According to analysts at the recent Dubai Property Show London 2016
, British citizens have emerged as the second largest investors in Dubai real estate and according to the Dubai Land Department they have invested £1.9 billion in 2015. This is a strong indicator of the UK investor demand for high quality real estate is up. Dubai's property market fundamentals are made up of world-class infrastructure and a regulatory environment that ranks among the most favorable in the world.
Masood Al Awar, Dubai Properties Chief Commercial Officer tells World Property Journal, "The Emirate of Dubai and Dubai Properties present an attractive investment haven of real estate investments. Our participation in this event was key to further boost international inward investments in light of the great response we have witnessed. We believe that the combination of our offerings combined with UAE's stability, continued economic growth and high returns on investment are appealing vital drivers to the growing British investors' base, particularly from the UK."
"DP's broad and diverse land bank, and master-planned developments, serve as a socio-economic growth catalyst which contribute to the economic diversification of the country, supporting not only the real estate market but additional industries, including tourism, retail, and hospitality," he continues. Dubai Property Show London
has established itself as a solid platform for UAE based developers to present their latest projects, which come in line with the Dubai's Vision 2020 of becoming a tourism and business hub. DP showcased its latest projects, including 1/JBR, Arabella 2 and Serena, offering British investors a wide portfolio of products ranging from high-end beachfront developments that are popular among UK buyers to affordable communities that grant solid returns on investment.