For
example, it’s no secret that Londoners are big contributors to Dubai’s property
market; escaping the grey skies to enjoy a life of sunshine. But, along with
that comes the advantage of reaping the benefits that Dubai properties have to
offer such as spacious interiors, lush backyards and premium quality finishes
that are rare and incredibly expensive in many European cities. For contrast, a
villa worth AED 11.4 million (£2 million) would buy a 5,500 sqft., four bedroom
villa in Dubai’s luxurious Palm Jumeirah, while in London that same amount
would only attain a two to three bedroom home in Chelsea that is a third of the
size.
In the third quarter of 2015, the average residential property in Dubai stood at AED 1,441 per sqft. with the Burj Khalifa being the most expensive at AED 3,700 per sqft, while the average in London was between AED 4,500 per sqft. and AED 7,400 per sqft.
One of the biggest attractions drawing investors to Dubai property throughout 2015
has been the popularity of off-plan residential properties due to the fact that
they are often 20% to 30% lower in price, in comparison to ready-made stock. It
provides the advantage of bypassing certain lending criteria, as well as
avoiding the need to take out a mortgage altogether. Developers are also
offering flexible payment plans that allow the purchaser to pay installments
well beyond handover.Let's have a look at the following stats of nationalities who invested most in Dubai real estate market in 2015:
