The Housearch Investment Index has recently unveiled its findings, identifying the United Arab Emirates (UAE), Oman, and Qatar as top destinations for property investment in 2024. This recognition underscores the growing appeal of Gulf countries in the global real estate landscape.
Regional and Global Rankings
Oman has emerged as the regional leader, surpassing Qatar and the UAE, and securing its position among the top five global destinations for property investment, trailing only behind Ireland and Cyprus. The index evaluates key factors such as rental yields, peace and stability ratings, property rights, and economic growth rates to determine these rankings.
Appeal of Gulf Countries
The inaugural Housearch Investment Index for 2024 highlights the attractiveness of Gulf countries, with Oman, Qatar, and the UAE, particularly Dubai, standing out as premier choices for residential property investment. This trend underscores the region’s reputation as a stable and reliable investment haven, especially amidst cooling property markets in Europe and North America.
Dubai, in particular, has long been a magnet for international property investment, renowned for its luxurious real estate offerings, favorable business environment, and tax regime. The recent influx of entrepreneurs, high-tech startups, and high-net-worth individuals post-Brexit has further revitalized Dubai’s residential market, making it an appealing destination for investors.
Growing Prominence of Oman and Qatar
In addition to Dubai, Oman, and Qatar are also gaining prominence, attracting global investors seeking dependable and stable cash flows. These markets offer lucrative opportunities for investors, with gross rental yields ranging from approximately 6 percent in Qatar to up to 10 percent in some areas of Dubai.
The Housearch Investment Index highlights these markets as enticing alternatives to traditional investment destinations, presenting promising opportunities for portfolio diversification. With emerging markets offering high growth potential, investors are increasingly looking to diversify their portfolios and tap into these lucrative opportunities.
The Housearch Investment Index serves as a valuable tool for private real estate investors, aiding them in assessing the investment attractiveness of residential property markets in 50 countries. The 2024 findings underscore the shifting landscape in global real estate investment, with Gulf countries ascending as key players. This presents a significant opportunity for investors looking to diversify their portfolios and capitalize on the growth potential of emerging markets in the Middle East.
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