October 31, 2023
Why Indian investors are choosing London over Dubai
The debate between Dubai and London as the preferred property investment destinations for Indian buyers reveals some key factors to consider. While both cities offer opportunities, London seems to have distinct advantages.
Stability is a crucial factor. Dubai's property market has a history of extreme volatility, with drastic price fluctuations, including a sharp decline in 2008. In contrast, London's property market has shown steady and reliable capital growth over the past three decades, compounding at 9% annually.
Availability of housing is another issue. Dubai faces increasing population growth, pushing developments towards high-rise structures, and foreign ownership restrictions in certain areas. London, thanks to its excellent public transport, offers a wide range of accessible boroughs with green spaces and various accommodation options.
Transport connectivity is another aspect that sets London apart, with an extensive network of underground lines, bus routes, and planned projects like the Elizabeth Line and West London Orbital Overground Line. Dubai's transport network, though improving, remains limited in comparison.
Financial considerations such as a lower deposit requirement for the purchase of property, combined with London's cultural diversity, superior quality of educational institutions and better healthcare facilities give the UK Capital a significant edge over its UAE counterpart, making it an attractive choice for Indian buyers. For a more detailed analysis, read the full article here.
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