British amongst the highest Investors in the UAE
British nationals have contributed US$8.47 billion (AED31.1 billion) in Dubai's real estate throughout the last four years (2014-2017), as indicated by statistics released by Dubai Land Department, DLD. The United Kingdom is one of the biggest investment source markets for Dubai's real estate.
Following the Brexit vote in 2016 the consequent move for partition from the European Union by the British Government, Britain has seen surge of capital towards outbound investment.
Moreover, the sound regulatory system and strong foreign investor protection makes Dubai an idyllic market for venture for British investors other foreign investors in Britain who need to secure their money in a more steady and higher-yield environment, of which the UAE possesses all the necessary qualities.
The International Real Estate and Investment Show, IREIS, is additionally set to attract the greatest global names within the real estate industry to London with IREIS 2018 – UK Edition. To be held at one of the prime areas of London City "The Queen Elizabeth II Center", Westminster from 22nd-23rd June, 2018, the show serves a one-stop for UK investors who are looking for the ideal investment opportunities in the UAE.
Organised by DOME Exhibitions, the IREIS 2018 – UK Edition will host a spectrum of property developers, investment and real estate brokerage companies which will showcase the latest offers across the seven emirates and around the world.
"UAE flourishes with its low tax environment, world-class framework and 100 percent ownership prospects for overseas investors from specific regions, the UAE has quickly ascended as a standout location amongst foreign investors." Said Giovanni Caradonna, Managing Partner, HYA.
With the upcoming Expo 2020 Dubai ahead, the country is expected to see additional drivers solidifying it’s a healthy outlook for the real estate market. A few government activities have likewise been launched to fast-track investors’ transactions within the country, with the Dubai Land Department reducing transaction period to 10 days.
"The UAE holds precisely what British investors search for in each venture: premium real estate that delivers a promising rate of profitability. This opportunity, joined with a generous economic growth and stability are crucial drivers to the UAE's expanding investors’ base." Quoted Patrick Parmeggiani, Partner, HYA.