The UK's interest rate hike was widely expected, and with inflation still expected to remain high, further increases are likely. This will provide Middle Eastern real estate investors with additional opportunities to invest in UK property market. The Bank of England on Thursday raised its key interest rate by a quarter of a percentage point to 1.75 percent from 1.25 percent, its biggest increase since...
The residential real estate market in Dubai is experiencing highs in rents and transactions. From January to May 2022, there were 30,900 residential transactions in Dubai, which is the highest figure since 2009. The number of transactions in May was 6,720 worth AED18.3B, an increase of 53.2% compared to May 2021. The performance of the market during the first five months of this year has been...
In a time when wealth inequality is on the rise, it shouldn't come as a surprise that many people are looking into moving their assets abroad. Due to its proximity to various continents, such as Asia, Europe, and Africa, Dubai real estate has become an ideal alternative to diversify into. It's also a great place for people with a high level of wealth. As the country's economy continues to grow, it has...