Dubai remains as the most attractive city globally for GCC property investors | Hamptons International

Apartment for Rent in Downtown DubaiAccording to a new Real Estate Barometer study by internet- based market research firm, Yougov and real estate exhibition Cityscape Global, Dubai has yet retained its title as the most attractive city in the world for real estate investments among GCC residents.

As reported in a survey, nearly 69% of Gulf residents picked Dubai as their choice city for real estate investment.

The research also found that more than half (59%) of respondents planning to buy a property in the next year prefer to buy in the GCC, with the average GCC budget sitting at $717,000, compared to the average global budget of $561,000.

The survey also highlights that exactly half of respondents feel that there’s a gap in the market for affordable housing.
Buyers also expect residential property prices to tumble with 56% of the survey respondents expect the sales price of properties to decrease in their country of residence, while 59% expect the rental price of properties to also decrease in their country of residence.

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