_A Middle East perspective on prime property and investment

Whether it is at a local, regional or international level predicting what the next 12 months have in store for our clients has proved to be an interesting process.

March 24, 2019

The multitude of global, political and economic concerns we faced a year ago, are far from being resolved, some have increased in stature and become more complex.

Nevertheless, we are optimistic about the year ahead. There may be challenges, but there will also be considerable opportunities for our clients as markets flex. In this year’s edition of The Wealth Report, we highlight residential and commercial markets across the world that offer opportunities and options for those looking to invest in property.

To complement the global edition of the Wealth Report Knight Frank has designed a supplement to provide a localised summary of trends that we feel will be of interest to our clients. Click here to read the full report.

Highlights at a glance

The global UHNWI population in the Middle East is set to grow by 20% over the next five years

Middle East wealth currently seeking new property investment opportunities (US$)

At the end of 2018, there was an estimated US$6.2 billion looking to be invested into commercial property alone, with a significant amount targeting the UK.

How many square metres of prime property does US$1m buy in key cities?

27% of Middle Eastern UHNWIs are planning to buy a new home outside of their country of residence.
13% of Middle Eastern UHNWIs are planning to buy a new home in their country of residence.
74% of Middle Eastern UHNWIs own second homes outside their country of residence, the highest proportion in the world.

To read the full Middle East supplement report click here