AB Espresso: British investors flock to UAE

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In today’s newsletter:

Discover the latest developments curated by our expert editorial team at Arabian Business. Here's what you missed on Thursday:

In the global landscape of real estate, cities like Dubai and London stand as prominent hubs, each offering distinct investment opportunities across several property types. However, the offerings can vary drastically based on several factors including the dynamics of the country’s property market, neighbourhood, amenities and more. Here is a comparison of what $1m will get you in Dubai and London.

Meanwhile, the recently announced the expansion of a new passenger terminal at the Al Maktoum International Airport in Dubai South, is expected to boost property investments in the area. Real estate experts revealed to Arabian Business why it is ideal to invest in Dubai South properties right now.

In addition, widespread adoption of the 1 percent monthly payment plan for house purchases in Dubai has triggered a major change in the buying patterns, with more and more investors opting for higher category residential units, especially in the luxury and premium segments, industry insiders said. This, in turn, is prompting developers to look at more innovations for house purchases, including back-loaded payment plans and value added schemes, offering greater financial flexibility post-handover to buyers.

Aside from these developments, Dubai is host to 38 universities from different countries, including the UK, US, France, and the UAE, according to the Knowledge and Human Development Authority (KHDA). Each university boats an array of offerings and price points. Some universities in Dubai can cost up to a whopping AED280,000 for a master’s degree. Here are some of the most expensive universities in Dubai.

In other news, UAE royals, Sheikh Mana Bin Mohammed Bin Rashid Bin Mana Al Maktoum and Sheikha Mahra Bint Mohammed Bin Rashid Al Maktoum have announced the birth of a baby girl. Sheikha Mahra, daughter of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai shared the joyous news in a message on social media.

THE LONGER READ:

British investors are fueling Dubai’s property market boom as they flock to the UAE in record numbers to snap up properties and settle down for retirement

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