UAE investors are as likely to chase bargains in London realty
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Dubai: Not all investors in the UAE are chasing bargains on off-plan property in Dubai — some are instead heading off to London for options there. And the lucky ones have already landed a few good deals.
“Since Eid, we have had quite a bit of surprising activity from buyers based in Dubai and Sharjah, as well as Oman, for London homes priced between £800,000 to £3 million [Dh3.7 million to Dh14.2 million],” said Faisal Durrani (right), Partner — Head of Research at Cluttons. “They were buyers looking for their second homes and there was a clear preference for homes that were either brand new or with their completion dates between six months to a year.
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Source : UAE investors are as likely to chase bargains in London realty