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Gulf countries dominate residential property investment in 2024

Housearch, a global online residential property search platform, announced the launch of its inaugural "Housearch Investment Index", offering investors a comprehensive and straightforward approach to assessing residential property markets worldwide. The Index provides a snapshot of the investment landscape for the upcoming year, highlighting the most attractive markets for 2024.
Oman, Qatar, and the United Arab Emirates, particularly Dubai, have secured top positions, signalling a shift in global real estate trends for residential property investment in 2024. With gross rental yields ranging from approximately 6% in Qatar to up to 10% in certain areas of Dubai, these markets present lucrative opportunities for those seeking stable returns in the current economic climate. This trend emphasizes the region's appeal as a stable and reliable investment haven, especially in contrast to cooling property markets in Europe and North America due to anticipated "higher-for-longer" interest rates.
The United Arab Emirates, specifically Dubai, has long been a magnet for international property investment, known for its luxuriant real estate offerings, favourable business environment, and nearly non-existent tax structure. The recent influx of entrepreneurs, high-tech start-ups, and high-net-worth individuals, especially post-Brexit as the allure of London diminishes, has further revitalized Dubai's residential market.
Oman and Qatar are also gaining momentum, attracting global investors in search of reliable and stable cash flows. These markets are emerging as appealing alternatives to traditional investment destinations, offering promising opportunities for portfolio diversification.
The Housearch Investment Index aims to assist private real estate investors in evaluating the investment attractiveness of residential property markets in 50 countries. The Index considers factors such as rental yields, peace and stability ratings, property rights, and economic growth rates. This composite score method simplifies complex market data, making it an invaluable resource for investors seeking to navigate the global property market's opportunities and risks effectively.
Housearch is a leading global online platform specializing in residential properties, primarily focusing on newly constructed properties sold directly by developers or builders. Launched in 2022, it features an extensive listing of over 4000 new properties in popular investment destinations like the UAE, Turkey, and Thailand.
In conclusion the inaugural Housearch Investment Index for 2024 has not only placed a spotlight on the Gulf countries but has also underscored their pivotal role in the global real estate landscape. The remarkable performance of Oman and Qatar reflects a burgeoning investor confidence in the Gulf region, fuelled by gross rental yields reaching up to 10% in specific areas.

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