Font Size

- Aa +

Thu 23 Oct 2014 03:01 PM

Font Size

- Aa +

15% of rich Emiratis are looking to buy a ski home

Check out the top 20 places to buy a place in the snow

15% of rich Emiratis are looking to buy a ski home

Around 15 percent of the UAE’s richest residents are interested in buying a ski home, according to a new survey by British real estate agency Knight Frank.

A survey as part of Knight Frank’s 2014 Prime Ski Property Index found around a sixth of the UAE’s Ultra High Net Worth Individuals (UHNWIs) – usually classed as those with assets over $30 million - are interested in buying a home on the slopes, compared to just 10 percent in the UK and 11 percent in Singapore and Hong Kong.

Click here to see the top 20 resorts by price growth over the last year

In terms of prices, the index found the average price of a luxury ski home located across 20 of the world’s top resorts increased by 5.9 percent in the year to June 2014, compared to growth of 4.6 percent a year earlier.

Overall, North America outperformed Europe, recording average price growth of 13.3 percent compared to 1 percent in Europe. However, average prices across the North American resorts remain 9.9 percent below their 2008 peak, whilst the comparable figure for Europe is already 8.8 percent above.

In the year to June, while Knight Frank’s Alpine enquiries came predominantly from prospective European buyers, who together accounted for 61 percent of all applicants, Asian and Middle Eastern buyers accounted for 12 percent.

Shehryar Iqbal. 5 years ago

Don't forget Vermont. It's a very beautiful North East state of the USA. Jay Peak resort is also selling town houses in this Ski resort.
Go to Boston by Emirates and then drive through the beautiful state of New Hampshire over to Vermont.