The UAE leads a new real estate index that was launched on Tuesday.
In the wake of ongoing turbulence and uncertainty caused by the COVID-19 pandemic, Henley & Partners in partnership with Deep Knowledge Analytics have developed the Best Investment Migration Real Estate Index.
The UAE leads the index with 82 points, followed by Spain (80.7), Montenegro (77.2), Turkey (76.5), and Portugal (75.8).
The top 10 include Thailand, Greece, Grenada, Cyprus, and Dominica.
The UAE has scored “highly for rental income potential, and the price of property per square meter is lower than other major international centers,” Henley & Partners said in a statement.
“Property acquisition by foreign nationals is galvanized by the country’s reputation for being a safe and secure environment in which to reside, attractive employment conditions, strong economy, and progressive outlook in terms of industries such as renewable energy. Various government initiatives have recently been introduced to improve livability and support residence by investment programs, including enhanced purchasing benefits,” it added.
This index is the first of its kind for those looking for a secondary residence or citizenship. It calculates over 30 parameters and more than 300 data points to score and compare program options globally according to key considerations such as the reputation of and quality of life in the host country, GDP, the minimum real estate investment amount, potential rental income, associated property costs, application processing efficiency, the real estate holding period, residence requirements, any restrictions, and saleability, as well as crypto-friendliness, which is gaining in importance among global investors.
In addition, the UAE was ranked No.1 in sub-factors such as ‘reputation’ and ‘quality of life’, and No.2 in sub-factors such as ‘rental income’ and “salability”.