Select Property, a leading UK-based property developer and investment partner said it is set to launch an exclusive new residential development in the heart of Birmingham, the UK’s top city for rental yields and capital growth.
The launch comes against the backdrop of lower interest rates and recent UK visa reforms for GCC nationals, both of which are driving renewed activity in the UK property market, the company said.
“Birmingham, home to our latest development, a luxury residence for the UAE and GCC market, has become a key focus due to its high rental yields, promising infrastructure developments, and a robust student population,” said Adam Price, CEO of Select Property.
“The city’s combination of luxury branded residences, educational institutions, and thriving economic prospects mirrors the appeal seen in other key UK cities like Manchester,” he said.
Price said GCC investors, particularly from the UAE and Saudi Arabia, are of late seen leveraging their returns on local properties to invest in UK real estate, seeking the strength and stability the market offers.
To mark the launch, Select Property will host an exclusive VIP investor event for the residential development on October 10, offering attendees priority access to a pre-launch discount ahead of the global launch later in the month.
This off-market opportunity will allow investors to purchase at the lowest possible price, the company said in a media release.
Birmingham real estate draw
Select Property said its new development will enhance the resident experience like never before, with a focus on well-being and luxury amenities spanning 14,000 sq. ft. over five storeys.
Notably, it will be the first residential development in Birmingham city centre to feature a swimming pool, it said.
Other amenities include a spa, a climbing wall, and a 45th-floor sky lounge, offering residents a modern urban lifestyle.
Earlier this year, Select Property released the findings of a survey, which found that 73 per cent of KSA investors have considered investing in the UK property landscape.
Of this, 75 per cent were eyeing Birmingham or Manchester, and 65 per cent viewed real estate as their preferred investment haven.
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