With investors returning in force to the London residential property market, many UAE-based individuals are again looking to the UK capital for new investment opportunities, seeking to take advantage of the weak pound and high demand for rental properties. To meet this growing demand, Dubai-based IS Real Estate is now offering apartments at prestigious, new development, Dickens Yard which is set to become one of West London's most sought-after residential areas. Dickens Yard is close to central London so will be a favourite with corporate tenants. And with prices starting at £284,950 for a studio, the development makes an ideal investment purchase, with rental yields of 4-6% and potential for capital growth.
"Overseas investors are snapping up London property." reports Anita Mehra, Managing Director of IS Real Estate. "The Dickens Yard apartments have just launched in South East Asia where we've seen a good take up from Hong Kong, Singapore and Kuala Lumpur-based clients in particular, clearly taking the opportunity to profit from the booming London rentals market (lettings agents currently report around nine applicants for every rental property). We don't want investors in Dubai to miss out so we've decided to offer apartments off-plan straight away."
Dickens Yard is the latest development from award winning developer St George West London Ltd., the company behind exclusive London addresses such as Imperial Wharf, Battersea Reach and Beaufort Park. Located in the heart of popular Ealing, this will be a vibrant new quarter in its own right, with 698 luxury apartments set in 10,000 sq ft of landscaped gardens as well as commercial, retail and community space. With green open spaces nearby, excellent local schools and easy access to Central London and Heathrow Airport, the area looks set to be a magnet for affluent professionals working in the City.
"Ealing has always been popular with London's professionals," continues Anita. "It's a great location, with excellent shops, schools and other amenities and only 25 minutes by tube to Oxford Circus. Yet because it's outside central London itself, property prices here represent better value for money."
"The current economic situation - the relative weakness of sterling coupled with low interest rates, is favouring the London property market in general. I've just returned from visiting a number of property exhibitions in South East Asia where investors are buzzing with confidence about the great opportunities on offer."
"Another reason for this surge in interest is the huge shortage of rental properties in London. With no end in sight to the UK's current restrictive mortgage lending and high homeowner loan to value ratios, many first-time buyers are still unable to get a foothold on the property ladder - but young professionals need to live somewhere so rental demand continues to rise. This represents a real opportunity for overseas investors who are pouring back into the private rental sector, once again looking at bricks and mortar as an essential part of their long-term investment strategy."
"Of course, if you're buying a property overseas, the support of a property expert, with local contacts and international industry expertise, is invaluable. That's where IS Real Estate comes in. In Dubai, we're well known as a sales and letting agent and we're the preferred rental agent for a number of international developers. We also have a sales and acquisition service based in London, so our team of London property professionals can help our UAE-based clients through all the stages of the investment process, from the initial property search, through to price negotiation and all the legal aspects of the purchase."
"We also have a partner firm in London that can handle lettings, furnishing and property management, so our clients can be confident they'll have an expert on hand to handle all aspects of their property investment, should they need it."
If you're interested in property investment opportunities in London, please contact Neil McKintosh, Managing Director or Martin Fay, Sales Manager at IS Real Estate on 04 - 325 6647, email info@is-re.com or visit our website at: www.is-re.com
Alternatively, talk to one of the team at our office behind Mall of Emirates at G/F, Manazel Building, Al Barsha 1, Dubai.
-Ends-
I:S Real Estate offers a complete property investment service to clients throughout the UAE, from residential and commercial property sales, to letting, property management and furnishing. It also has a London-based sales and acquisition division. The company is part of an international property group, originally established in London over 50 years ago. Its partner company, a rentals agent in London, specialising in the letting and management of high quality residential properties, has 9 offices throughout London's prime residential areas as well as overseas offices in Hong Kong, Singapore and India.
PRESS ENQUIRIES:
Gisele Hodges
IS Real Estate
04 - 341 8288
050 878 0579.
© Press Release 2011
