Houses valued over GBP2 million will be levied a new annual surcharge starting from April 2028; The new tax will raise GBP400 million every year
UK real estate
Latest in UK real estate
acquisition
UAE’s Arada secures ‘biggest London property deal this decade’ with acquisition of $3.3bn Thameside West site
Developer secures 80% stake in 47-acre waterfront development for $296m
UK property market
UK property market remains resilient as asking prices rise 1.3% annually, Rightmove says
The higher average price is above a previous record set in May 2024, and is despite the end of a tax break
London
Abu Dhabi’s Modon announces major London real estate development
Abu Dhabi firm signs joint venture to develop massive real estate project in London
London
London’s super-prime home sales above $18mn drop 25% as wealthy buyers pull back
The market is expected to continue being driven by buyers from the United States and GCC, including Saudi Arabia, the UAE and Qatar
Abu Dhabi Islamic Bank
UAE banks team up to fund $178m London student real estate development
UAE’s Emirates NBD and Abu Dhabi Islamic Bank close funding arrangement for Purpose-Built Student Accommodation in London
Abu Dhabi
Eid Al Etihad holiday announced; UAE petrol prices set to change; AED100m lottery launched; Riyadh Metro opening date – 10 things you missed this week
UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
GCC
Revealed: UK non-dom tax changes trigger large-scale property sales by long-term GCC investors, experts say
London’s loss, however, is turning out to be a boon for Dubai as the property sales-spree by GCC investors is leading to an influx of capital returning to the emirate and the wider region
Real Estate
Saudi investors seek bilingual support to secure real estate assets in UK: Survey
An overwhelming majority of Saudi investors wished they had begun investing in property assets in the UK earlier
Dubai
London’s loss is Dubai’s gain: Fears of UK non-dom tax law change triggers influx of real estate buyers
The change in the UK law will keep demand for prime and super-prime luxury properties in Dubai strong through the last quarter of this year and into 2025, an expert believes
Aldar
Abu Dhabi-backed London Square launches luxury UK real estate projects for international investors
Abu Dhabi-backed London Square launches Twickenham Green and Twickenham Square in UK property market
GCC investors
Select Property unveils exclusive Birmingham development as UAE, Saudi investors eye UK real estate amid visa reforms, interest rate drop
The developer will host an exclusive VIP investor event for the residential development on October 10, offering attendees priority access to a pre-launch discount
barratt london
London real estate: GCC investors to spend $3.2bn on UK property this year as developers target region
London real estate developers target wealthy GCC citizens to buy UK property
Birmingham
GCC investors eye UK real estate amid interest rate fall and visa waivers
Gulf investors are looking to take advantage of falling interest rates and visa waivers to buy property in the UK
Bank of England
UK real estate sees surges in buyers after Bank of England cut interest rate from 16-year high: Report
Financial markets on Friday priced in at least one, and probably two, further quarter-point rate cuts this year
UK commercial real estate
Gulf investors poised to pour $4bn annually into UK commercial property market
Potential interest rate cuts, falling inflation, and lower property prices in some segments are making the UK a more attractive investment destination, report finds
UK property
Over 70% of Saudi real estate investors eyeing UK property market, survey reveals
The annual GCC investment in UK property has averaged $3.4 billion over the past decade
