A recent survey reveals that when it comes to investment assets, Emiratis from the UAE still put property at the top of the list. The survey, conducted by YouGov and IP Global, revealed that 40 percent of Emiratis will invest in property in the UAE in 2018 and 18 percent plan to make heir investment in overseas property in 2019.
Data from the research shows that UAE residents ranked property above stocks, shares or bonds, indicating that here, just as in other parts of the world, real estate is still the asset that brings the most stable and reliable returns.
As Arabian Business magazine points out, not even global political events have dimmed Emiratis’ appetite for property and there was a seven percent increase in property investment in he last six months of 2017.
The survey also asked UAE residents about where they would consider buying overseas, with some interesting results. Canada and the USA were equal first on the shopping list, followed by the UK, Germany and Australia.
Richard Bradstock, director and head of the Middle East at IP Global, said: “The results of our second YouGov study are extremely positive and indicate that more and more UAE residents are looking to purchase property in the next 12 months.
The countries selected as the Top 5 represent the places where investors believe they will get the most impressive returns. As Richard Bradstock points out, Chicago has experienced a 36% rise in property prices over the last five years and the rental yields have increased 10% in 2016-17. And it is these kinds of figures that luring the UAE investors to spend here.
In the UK, buyers from Dubai and Abu Dhabi are also displaying some changes in their buying behaviour. London has traditionally been their area of interest, and still remains the city of choice. However, it has been noted that in recent months, UAE investors have been expanding their reach to cities with more affordable real estate, such as Birmingham, Manchester and Liverpool.