Global Elite Shift Focus: Dubai Overtakes London as Top Investment Choice
Dubai continues to attract elites from all around the globe because it offers high ROI. Investors from all over the world are attracted to Dubai because of its significant revenue potential.
The Labour government’s tax and spending priorities have shifted the focus of the interests of global elites. This development has also a lot to do with Dubai’s infrastructure, advanced property sector, and government’s investment-friendly initiatives. Dubai offers significant returns to real estate investors, attracting investors from all over the world.
Given the under-pressure economy of London, investors are considering Dubai for real estate investment. In short, Dubai takes advantage of London’s economic hardships by welcoming elite investors.
Ghassan Khairallah, Director of Sales at Huspy, a Dubai-based leading real estate consultancy and mortgage firm, stated, “For investors, Dubai’s combination of affordability and robust returns is unparalleled.
He further added, “The opportunity for investors to get significantly more value and ROI per square foot [in Dubai] is very attractive.”
This gulf city is not a new destination. Its modern lifestyle, high standards of living, incomparable infrastructure, government policies and tax evasions make Dubai one of the best destinations for real estate investment.
A significant rise has been analyzed in the sales of holiday homes in Dubai as compared to the sales of homes used to relocate families, indicating the interests of billionaires and elite real estate investors.
It is not easy to neglect the charm of buying real estate in the UK. However, Dubai has played a critical role in changing the perception of investors and attracting real estate investors from all around the world.
