Cityscape Intelligence is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Israel investors eye UAE property

IsraelInvestorsinDubai
In the wake of the peace deal between the two countries, Israeli investors have been looking keenly at real estate in the United Arab Emirates.

The US-brokered Abraham Accords, signed in August 2020, normalised relations between Israel and the UAE, in turn opening up a brand-new market for Israeli businesspeople.

Since normalisation, 130,000 Israelis have visited the United Arab Emirates, creating a spike in interest in the country’s real estate market.

DUBAI THE PREFERRED DESTINATION

Dubai is seen as a particularly favourable destination since the beginning of the Covid-19 pandemic.

The exodus of foreign expatriates has created a surplus of new builds. Property prices have been driven down as a result.

Dubai has become an attractive investment prospect for Israel buyers. Israeli investors are therefore flocking to the emirate to take advantage of the lull, expecting high yields when international tourists and workers return post-pandemic.

RELATIONSHIP BUILDING

Such is the demand for Dubai properties, that major real estate firms are actively hiring Hebrew speakers.

The new economic relationship between Israel and the UAE has also manifested itself in new cooperation agreements on agri-technology, Covid-19, and weapons development. The UAE has also established a USD10 billion investment fund directed at Israel.

Israel predicts bilateral trade could reach USD6.5 billion over the next few years, which would make it one of the UAE’s biggest trading partners.

 

KEEP UP WITH THE REAL ESTATE INDUSTRY
Subscribe to the Cityscape Intelligence newsletter here

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish