High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs) are preferring to invest in Dubai and London
In a striking revelation, the Dubai Real Estate Market Report for FY23, released by Betterhomes, uncovers a remarkable trend: Indians have emerged as the foremost purchasers of real estate in Dubai. What fuels this surge in interest transcends mere investment; it’s a profound quest for global connectivity and security among High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs).
Far from being confined to expatriates already based in Dubai, this trend encompasses a broader spectrum, including affluent families worldwide eager to tap into Dubai’s thriving real estate landscape. The allure is multifaceted, ranging from capital appreciation and high rental yields to tax-free investments and the availability of 100% freehold properties. Yet, beyond financial gains, owning property in Dubai symbolizes a gateway to a global lifestyle, a sentiment echoed by the emerging affluent class in India.
For these individuals, investing in properties abroad represents more than a mere financial strategy; it’s a holistic pursuit of a Plan B lifestyle. As the culture of remote work gains traction, UHNIs seek to anchor themselves in cosmopolitan hubs like Dubai and London, facilitating seamless integration into a borderless world while nurturing personal and professional aspirations.
Investing in international real estate transcends financial prudence; it embodies a strategic pursuit of global citizenship, offering a sanctuary of security and opportunity in an increasingly interconnected world
Moreover, this investment serves as a cornerstone of generational planning, offering alternative residency or citizenship pathways for future generations. The objective extends beyond financial security to providing children with access to superior education, employment opportunities, and an enhanced quality of life, all underpinned by the advantages of a robust passport and visa-free travel.
However, international diversification entails careful consideration beyond property acquisition alone. Investors must weigh factors like geographical and currency diversification, assess demand-supply dynamics, and navigate intricate taxation laws. Collaborating with local partners becomes imperative, ensuring seamless execution, ongoing management, and eventual resale of properties.
As the USA, Portugal, Canada, and the UK emerge as favored destinations for alternative residency/citizenship, investors are urged to enlist the guidance of seasoned wealth advisors. These experts, armed with insights into local markets, streamline the investment process, empowering investors to realize their global mobility aspirations effectively.
Investing in international real estate transcends financial prudence; it embodies a strategic pursuit of global citizenship, offering a sanctuary of security and opportunity in an increasingly interconnected world.
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