(Partner Content) Examining this expansion of the Humaidi Family Kuwait operations into Egypt can be a great way to gain a deeper understanding of this fast-growing area of international real estate.
DUBAI: Middle Eastern investors are making a return to the British property market, as the UK begins to emerge from the lockdown restrictions as a result of the coronavirus (COVID-19) pandemic.
According to the latest data compiled by global property consultancy Knight Frank, investors from the Middle East made up 16 percent of all sales to overseas buyers in the first three months of this year, compared to less than 10 percent during the second and third quarters of 2020.
While this is the highest level of Middle Eastern interest since the pandemic began last summer, the report said the total numbers were still lower than pre-pandemic levels.
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RIYADH: Arab investors have invested £1.2 billion ($1.68 billion) in London’s office real estate market since 2018, with Saudi Arabia accounting for £103 million, according to industry data.
Figures from global real estate consultancy firm Knight Frank found that over the last decade (2010-2020), the Gulf Cooperation Council (GCC) states, excluding Oman, together invested £8 billion into London’s office market, £1.2 billion of that since 2018.
Investors from the UAE have been the most active since 2018, injecting £531 million into the UK capital, followed by investors from Qatar (£435 million), Kuwait (£120 million), Saudi Arabia (£103 million) and Bahrain (£8.8 million).
“Brexit has been less of an issue, given that most investors looking at the London office market invest because of London’s attractiveness as an investment destination relatively more favorable returns compared to other asset classes and indeed many mainland-European cities, a proven track reco