Has London Arrived: A delegation from the UK goes to the UAE for real estate transactions.
A UK investors and developer government-led team planned a visit to the Middle East in order to negotiate with investors as they continued to pump money into the UK after Brexit. used car for sale
They will participate in two special events aimed at boosting investment and commercial relations between the two areas, with total foreign foreign investment in the UK in 2016 exceeding AED 15.1 billion from the Middle East.
Although traditionally Middle Eastern investors are drawn to residential property in London, Qatar's 18.4 billion AED increase to its 229.5 billion AED investment portfolio in the UK this month reveals that the attraction is far wider.
Sir Edward Lister, President of the Government Homes and Communities Agency, heads the UK delegation.
"Emirates have always been significant investors in the United Kingdom, not just in London, but throughout the globe, and that investment has always been welcome," he added.
Following Brexit, the tendencies of the UK housing market remain unaltered. Demand for all types of property is very strong. The UK government targets a housing population of 250,000 houses each year, but in a good year we only get 170,000, which means a lot of pressure is being exerted on housing throughout the nation and contemporary office space, as well as industrial and distribution facilities are required. The United Kingdom continues to be a smart investment in a nation where property is subject to so much legislation."
Sir Edward, a former deputy mayor of London, said he would be looking forward to meeting the specialists of the Middle East to find out about the newest advances, particularly the building of the next generation, which would help Britain.
UK's commercial connection with the area extends two centuries, while the region's growing business statistics reflect the special link between the UK and the Gulf.
Trade between the UK and GCC grew 185% between 1999 and 2015, the UAE being the UK's third biggest export partner outside Europe and the 11th largest trading partner in total. In the wake of Brexit, British international ties are expected to be improved and maintained.
"We already know that London property is a popular asset class in the area, as our Middle East Private Capital Surveys for a number of years have indicated," said Faisal Durrani, Cluttons Research Head. The nickname of the 'eighth emirate' is supported by significant investment from the Middle East and, in particular, the Gulf Cooperation Council."
"Kuwait's Kamco and Dubai's Rasmala recently signed an agreement of AED 248 million in addition to Qatar's multi-billion Dirham investments in the UK for buying an Amazon Distribution Warehouse in Edinburgh, which handles three out of eight package deliveries in the UK. And Abu Dhabi Investments just purchased AED 1,4 billion from a retail center in Liverpool."
In a recent paper for EG, the Rt Hon Liam Fox MP, UK Secretary of State for International Trade, said that it is essential that Britain continues to appeal to foreign investment.
"To fulfill our goals in full, DiT will assist the immobilization industry by bringing investors into line with projects and facilitate foreign investment flows throughout the nation," he said.
Foreign investment is also promoted by developers in Dubai.
"Here in Dubai there is a very appealing business model," said Sanjay Manchanda, Chief Executive Officer, Nakheel. Everyone needs a well-diversified portfolio to minimize risk. In comparison to in Hong Kong and Singapore, New York and London, Dubai prices are extremely cheap and considerably lower. Immobilien returns in Dubai are presently about 5-10 p "Rcent." Rcent."
"Whilst the UK is always viewed as a safe haven for investment, the dizzying growth in cities in the Gulf attracts attention from the global investment community, particularly when the work is being carried out in mega-projects such as the USD32 billion Al Maktoum International Airport as well as innovative new transport infrastructure such as 3D pylons," Durrani con.
The Middle East Immobilien Forum will include Sir Edward Lister, Sanjay Manchanda and Faisal Durrani, which will comprise two site activities intended to reinforce investment and commercial connections between the UK and the Middle East.
The activities will take place in Abu Dhabi on 25 April and in Dubai on 26 April.
The EG Worldwide Immobilien Publication, which works with the UK Department of International Trade and international immovable adviser Cluttons to promote Abu Dhabi, Dubai and the United Kingdom's global aspirations, is coordinating them.
There will be a number of renowned speakers who will offer their views on best practice in the regeneration, development and delivery of infrastructure on a big scale.
"This Middle East investment trip takes place at a very interesting moment," said EG Publisher Damian Wild, who will chair the events. The UK is at a crucial juncture in its modern history and the Middle East is one of the world's most complicated economic environments. Senior individuals from the UK immovable sector joined into the group that intends to investigate Dubai and Abu Dhabi for commercial and investment possibilities. The investment possibilities of the delegation will cover the length and breadth of the UK and encompass everything from residential to industrial to infrastructure. We look forward to further expanding the popularity of our inaugural forum, which we held three years ago in Dubai with Cluttons. We also appreciate the support of the United Kingdom Department of International Trade. Many of the delegates who visited the Near East went on a similar tour with DIT last year to New York and Toronto."