Dubai’s largest real estate developer Emaar Properties is making waves in London today. There are, literally, waves of investors that yesterday queued up outside the 4 Season Hotel Park Lane, venue for Emaar’s London roadshow, to snap up property units in Dubai.
Emaar had earlier announced that its UK roadshow will be held over two days, May 14 and 15, and would offer UK nationals and residents units in its new Dubai projects on a first-come-first-serve basis. The last time the property developer offered Dubai villas on a first-come-first-serve basis, there was a near stampede outside its Downtown Dubai sales office. Read: More Emaar units after ‘scramble’.
The UK holds a significant place among Emaar investors as British nationals are among the top buyers of Emaar’s properties, right after investors from the Indian subcontinent, Iran and Russia. According to property agents and sources, those queuing up in London to buy Emaar’s Dubai units will need to make a £5,000 down-payment, and make rest of the payment according to the terms of the sales agreement.
A resurgence in Dubai’s property market has seen heightened investor interest in Emaar properties, not just from investors within the country but from across the world. The property developer too has been actively marketing its units to global investors in a bid to cash in on the resurgence. Emaar has this year already held roadshows in Saudi Arabia, India, Qatar and Singapore, and the UK roadshow is currently underway.