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Mideast investors pump $5.2bn into UK hotel projects

DUBAI, February 8, 2017

Funds worth $5.2 billion of cash from the Middle East has found its way into hotel developments in the UK and mainland Europe, according to the property broker CBRE.

When it comes to balancing risk and reward in real estate, cities in Europe, South East Asia and Mediterranean fit into the sweet spot, stated CBRE in a report released ahead of the International Property Show (IPS) in Dubai.

In terms of house price, local rents and prospective growth, Portugal, Cyprus, India and Pakistan have been crowned as the top markets for buyers hoping to invest in property, said the report.

The 13th edition of the IPS, which will be held from April 2 to 4 at the Dubai International Convention and Exhibition Centre, aims to offer investors the best in real estate and properties from these markets.

It has been noted that despite the tumbling prices of oil, investors from the Middle East and GCC have continued their steady stream of investments on international soil. Investors from the small, oil-rich nation are focused mainly on hospitality assets in key markets, it stated.

The property expo will offer the best portfolio of hospitality properties from Europe including Spain, Czech Republic, Greece and Turkey, said the organiser Strategic Marketing & Exhibitions.

The Portugal and Cyprus pavilion will see participation from real estate companies featuring the latest developments and residency by investment program.

Pakistan pavilion will showcase the finest projects and investments offers to local and international real estate investors and buyers. In addition, India pavilion will be promoting property investment for NRIs.

“If you are planning on making an investment, either for your own home, hospitality or a rental property, these are really good markets,” said Dawood Al Shezawi, CEO of Strategic Marketing & Exhibitions.

“These areas have seen an increase in returns in 2016 and it is expected that they will continue the positive momentum in 2017. In addition, these markets not only ensure lucrative returns, but also have very little risk of investment,” added Al Shezawi.

It has been noted that the Brexit referendum and the increased stamp duty have not been able to curb the Arab investor spirit.

A recent Savills report stated that London remains the world’s most popular destination for cross-border investment into real estate, surpassing its closest competitor, Manhattan, by $12.53 million in the previous year alone.

Furthermore, it has been revealed that London is the third-biggest residential property market for Middle Eastern wealth after Abu Dhabi and Dubai, according to Savills’ research.

With new real estate projects springing up everywhere in these international markets, the return on investment is certainly high. In addition, these areas are well equipped with modern infrastructure and facilities.

Along with recent developments, the shopping is great, the attractions are beautiful and the lifestyle is well-balanced, said the report.

“Savvy investors should consider taking advantage of these buoyant markets. These areas are only going to boost demand for property in the coming months, whether for purchase or rent,” noted Al Shezawi.

The upcoming property show is expected to be the biggest since its return, with over 200 exhibitors from 50 countries set to take part.

The expo space has been 80 per cent sold out so far, with both local and international exhibitors accounting similar share of space so far, he added.-TradeArabia News Service

 




Tags: hotel | Middle East | UK | investors |

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