{"id":8238,"date":"2016-03-17T00:01:00","date_gmt":"2016-03-16T17:01:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=8238"},"modified":"2016-03-16T21:22:26","modified_gmt":"2016-03-16T14:22:26","slug":"wealthy-uae-investors-prefer-london-and-new-york-properties","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealthy-uae-investors-prefer-london-and-new-york-properties\/","title":{"rendered":"Wealthy UAE investors prefer London and New York properties"},"content":{"rendered":"


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\nAbout 61 per cent of rich investors from the UAE are likely to make global property investments this year, with London and New York the two favoured destinations, according to a Cluttons study. The survey, conducted with YouGov, found that wealthy investors – those with US$1 million or more to spend on property – favoured London because of the currency advantages between the UK pound and the US dollar.
\n“The strength of the US dollar, to which the UAE retains a fixed peg, has certainly contributed to the strong appetite for global property investments, particularly in the face of mute local and international economic conditions,” said Steven Morgan, the chief executive of Cluttons Middle East.Mr Morgan said that with safety of investment cited as one of the top factors, London just edged out New York as the main target city.
\nBangalore is the third-most popular city because of the high proportion of non-resident Indians among the ranks of the UAE’s wealthy residents.Residential property is preferred by 50 per cent of investors, and 22 per cent favour commercial property.Capital values for prime residential properties in central London are showing signs of slowing after nearly five years of strong growth. However, Cluttons predicts that they will continue to grow this year by 2.5 to 3 per cent.
\nJust over half (53 per cent) of those surveyed said they also planned to buy in the Middle East over the next 12 months. Dubai (chosen by 30 per cent of respondents) and Abu Dhabi (23 per cent) were the top regional target cities.Meanwhile, CBRE has just published its investor intentions survey for the wider Europe, Middle East and Africa region for this year. Within this region, London was again the city most in demand by investors (named by 15 per cent of respondents), followed by Madrid (12.2 per cent), Paris (11.6 per cent) and Berlin (10.8 per cent).
\nNick McLean, the managing director of CBRE Middle East, said that the few deals done by foreign investors in the region “does not adequately reflect” the levels of interest from investors in the region.”If the relative illiquidity could be solved here, the UAE in particular would see substantial inbound capital flows,” he said.Offices were the most popular asset among investors from Europe, the Middle East and Africa, favoured by 37 per cent of survey respondents. But residential assets increased the most in interest – up to 12 per cent this year from 5 per cent last year.
\nmfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Wealthy UAE investors prefer London and New York properties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

About 61 per cent of rich investors from the UAE are likely to make...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8238","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-28S","jetpack-related-posts":[{"id":8234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealthy-uae-investors-buyers-prefer-london-and-new-york-properties\/","url_meta":{"origin":8238,"position":0},"title":"Wealthy UAE investors buyers prefer London and New York properties","date":"March 17, 2016","format":false,"excerpt":"\r \r About 61 per cent of rich investors from the UAE are likely to make global property investments this year, with London and New York the two favoured destinations, according to a Cluttons study. The survey, conducted with YouGov, found that wealthy investors - those with US$1 million or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8358,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-wealthiest-property-investors-favour-london-new-york\/","url_meta":{"origin":8238,"position":1},"title":"UAE\u2019s wealthiest property investors favour London, New York","date":"March 17, 2016","format":false,"excerpt":"\r Cluttons\/YouGov shows majority of UAE HNWIs expect to buy overseas real estate in 2016\r \r Source : arabianbusiness.com\r Read more...UAE\u2019s wealthiest property investors favour London, New York","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45704,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-based-investors-save-millions-as-demand-for-london-property-surges\/","url_meta":{"origin":8238,"position":2},"title":"UAE-based investors save millions as demand for London property surges","date":"February 27, 2017","format":false,"excerpt":"\r A new report reveals that currency shifts are driving a fresh wave of property buyers based in the Middle East who are targeting London real estate.Post-Brexit, changes in the dollar-sterling exchange rate generated significant price savings and investment opportunities for US dollar-pegged investors in London. In 2015, the average\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-property-market-in-the-minds-of-gulfs-high-net-worth-investors\/","url_meta":{"origin":8238,"position":3},"title":"Dubai property market 'in the minds' of Gulf's high net worth investors","date":"August 30, 2016","format":false,"excerpt":"\r High net worth investors from the Gulf are most likely to invest their money in Dubai next year, as opposed to London or other international markets, according to Cluttons.Speaking at the launch of the third part of its Middle East Private Capital survey, the firm's head of research, Faisal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-gulf-investors-wont-use-properties-abroad\/","url_meta":{"origin":8238,"position":4},"title":"Quarter of Gulf investors won't use properties abroad","date":"June 21, 2016","format":false,"excerpt":"\r A quarter of all Gulf investors buying property overseas are targeting \"buy-to-leave\" homes that they don't intend to live in or let out, brokers have said.According to data compiled by property brokers Cluttons and polling company YouGov, 26 per cent of 127 high-net-worth investors from the Middle East looking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-uk-property-taxes-threaten-to-take-a-toll-on-investors-in-the-uae\/","url_meta":{"origin":8238,"position":5},"title":"New UK property taxes threaten to take a toll on investors in the UAE","date":"March 5, 2017","format":false,"excerpt":"\r Sweeping UK property tax changes being introduced next month could leave UAE investors out of pocket.From April 6, the UK government will put in place a new set of tax changes likely to make it more expensive for many international investors to rent out homes in England and Wales.Under\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8238"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8238"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}