Dubai: For the local property market and those outside, there are good tidings - 40 per cent high networth investors in the UAE could be looking to widen their exposure to this asset class, according to a survey carried out by the consultancy Knight Frank.
More important for the UAE’s own property market, a third of these investments are likely to be made locally.
In fact, as per the survey, an average 35 per cent of UAE based investors’ investment portfolios were allocated to real estate interests.
Of this, ‘60 per cent increased their allocation to property last year,’ the report adds. ‘In 2015, 60 per cent (are) expected to leave their allocation unchanged, and 40 per cent expected to increase it.’
