Super-rich global property investors are increasingly shifting their attention from London's prime central real estate to Dubai, spurred by concerns over the new Labour government's tax and spending priorities. As London's luxury property market faces uncertainties, Dubai's steady and high-yielding return on investment (RoI) presents an appealing alternative for buyers.
Dubai has long been a magnet for global investors, offering a high quality of life, safety, year-round sunshine, and excellent global connectivity. However, the current trend of moving capital from London to Dubai is driven by the emirate's competitive per-square-foot cost and tax-free RoI, averaging 6-8 percent. These factors make Dubai an attractive destination for high-net-worth individuals (HNWIs) seeking value and returns, as $1 million can secure much larger homes here compared to London.
Recent analysis by Beauchamp Estates shows a significant decline in super-prime residential transactions in London, with sales of properties valued over £15 million dropping to £731 million in the first half of 2024 from £829 million in the same period last year. This drop is largely due to investor caution surrounding the new UK government's policies.
In contrast, Dubai's prime property market has seen a surge in transactions for homes over $10 million, with investors gravitating towards smaller, more manageable properties ideal for occasional stays or rental income.
fäm Properties: Your Partner in Dubai Real Estate
fäm Properties, one of the leading real estate agencies in Dubai, is at the forefront of this market shift. With almost two decades of experience and a rapidly growing team of professionals, fäm Properties is on track to soon reach 1,500 professional real estate agents and a total of 3,000 employees. The agency operates 25 branches across Dubai's most important communities, including prime locations such as Palm Jumeirah, Mudon, Furjan, Downtown, Marina, and many more.
Our comprehensive geographical spread ensures that fäm Properties can assist clients in finding the perfect villa, whether for investment or personal use. From ultra-luxurious homes on Palm Jumeirah to spacious villas in Dubai Hills and sleek apartments in Downtown Dubai and DIFC, our extensive portfolio caters to a diverse clientele.
fäm Properties is renowned for its exceptional service and expertise, particularly in assisting global property investors from India, China, the US, and various European and Asian markets. Our team guides clients through every step of the process, from initial consultations and property viewings to negotiations and finalizing transactions. We pride ourselves on our ability to swiftly close deals, often securing properties priced over $10 million with ease and experience. This agility in the market sets us apart, allowing our clients to capitalize on lucrative opportunities without delay.
As Dubai continues to attract significant investment in its prime property market, fäm Properties remains a trusted partner for global investors. Our extensive experience, wide-reaching presence, and commitment to excellence make us the ideal choice for those looking to navigate Dubai's dynamic real estate landscape. For global investors seeking lucrative real estate investments, Dubai, with the expert guidance of fäm Properties, offers a promising alternative to London's increasingly uncertain market.
Contact our experts today to discover how we can assist you in finding the perfect property and maximizing your investment potential in Dubai. Let us help you seize the opportunity to invest in one of the world's most dynamic real estate markets.