Dubai, Best Location for High Net-Worth individuals

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Cluttons, a leading property consultant and chartered surveyor in the Middle East recently42-17249411 released its annual International Private Capital Survey 2013/14 report.
According to the report, Dubai became hot spot for world’s wealthy property investors. Dubai is the second most attractive real estate investment market in the world for high net-worth individuals (HNWI) while London still leads the survey.
The study participated by 461 HNWI from around the world and findings showed that Dubai has risen to second place behind London as the go-to real estate investment destination.
International Private Capital Survey seeks to draw out the enthusiasm of international real estate investment and unpick the underlying drivers behind the intentions as an indicator of future trends in capital allocation.
Cluttons said on its site: “Last year’s results suggested that global HNWI would seek out investment locations closer to home markets as the world economy began its journey back towards a meaningful recovery. Cluttons has seen this come through in the results of this year’s survey, with Dubai in particular rising sharply in the minds of the region’s HNWI.
Those from the Middle East now prefer Dubai to London, with Cluttons’ offices in Manama and Muscat reporting capital value growth, the emirate’s perceived status as a safe haven and relatively high yielding residential property as the top three pull factors influencing HNWI, the report added.
Key factors that draw the attention of HNWI are the lifestyle on offer in Dubai through the ownership of a second home and the security offered through real estate investments in the Gulf city.