UAE property experiences investment boom

Compare Money Transfer Voucher

Due to its fully developed regulatory systems and value for money properties, the UAE remains an attractive proposition for global property investors according to recent figures.

A statistical report on the Gulf Common Market showed a significant increase in the number of registered real estate contracts held by Gulf nationals in the UAE.

The latest statistics show that the number of contracts has increased from 4,024 in 2009 to 4,604 in 2010.

“These figure suggest there are properties available that have reached as good price at which people can afford to buy,” said Elaine Jones, CEO of Asteco Property Management.

“Property purchases (that people) committed to previously are now being realised and registered as the projects are completed, and secondly there continues to be an interest in buying property in the UAE despite the economic downturn,” she added.

It appears as though a number of people waited to see if conditions improved and consequently were forced to sell at discounted rates.

This has led to a whole host of attractive investment opportunities in the area.

Market analysts feel that the number of Gulf nationals buying property in the UAE shows that the country’s property market is a viable and thriving long-term investment.

“Investment in completed property that meets the rental market’s checklist of requirements has historically been a safe method to protect and generate wealth,” Jones said.

“The cross border living on GCC nationals, who have grown their business throughout the region or see value in spreading their operations and diversifying their risk by exposure to a large market place, also see value in participating in the real estate sector,” added Jones.

Transfer Money to the UAE

If you are looking to invest in the UAE, think carefully about how you will be transferring money to the UAE. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to the UAE – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

Company Details

UAE property experiences investment boom

Get a quick quote

Open Account with Halo Financial

Halo Financial are located at:
11 Ivory House, Plantation Wharf, , Greater London, SW11 3TN, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882