Real estate, crypto? GCC investors reveal their top targets

Sixty percent of Gulf-based investors are considering an international real estate investment in the future, according to a new survey
By Sam Bridge
Fri 08 Jun 2018 10:05 AM

Sixty percent of Gulf-based investors are considering an international real estate investment in the future, according to a new survey.

Research commissioned by British property developer Select Property Group and conducted by YouGov has revealed the current investment trends and attitudes in the GCC.

The findings showed that real estate is undoubtedly the most popular investment across the region, with 75 percent of investors in the GCC having, at some stage, invested in property in their home country.

Furthermore, the appeal of overseas property is growing strongly, with 60 percent of respondents planning an investment abroad, the survey also showed.

While the results found that 71 percent of investors based in the GCC look to make a new investment every six months or less, UAE-based respondents were found to be the most interested in making new investments of all countries surveyed. Significantly, 32 percent look to make a new investment at least every quarter.

Respondents were asked to consider their previous and potential future investments in bonds, stocks and real estate – in their home country or overseas – as well as mutual funds, bank products, gold and precious metals, cryptocurrency and fine art.

Across every category, respondents demonstrated a desire to increase their level of investment in the coming years.

The survey showed that 5 percent of respondents based in Saudi Arabia have already spent over $500,000 on cryptocurrency despite its relative infancy as an asset, but investment levels collectively still trail far behind more traditional products, such as real estate.

Adam Price, managing director at Select Property Group, said: “The results show that investors in this region are highly motivated and it’s interesting to see the mix of key investment choices amongst the varying demographics. It’s promising to see that GCC residents are also inclined to make regular investments, constantly keeping an eye on the market and looking to capitalise on the latest opportunities.”

He added: “It’s interesting to watch the shift in the market, both in terms of investment preferences, but also in the motivators driving individuals to invest. As real estate serves as a promising long-term investment, increased interest in the sector is a natural occurrence."

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Last Updated: Fri 08 Jun 2018 10:08 AM GST

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