Oman: Housearch, a leading global online real estate hub, has revealed its inaugural Investment Index, spotlighting the Gulf countries as the prime destinations for residential property investment in 2024. Notably, Oman, Qatar, and the UAE, particularly Dubai, have secured premier positions, signaling a shift in global real estate trends.
Oman and Qatar have emerged as magnets for global investors, offering reliable and stable cash flows that stand out in the face of cooling property markets in Europe and North America. These markets are fast becoming attractive alternatives, providing promising opportunities for portfolio diversification.
Dubai, known for its rich real estate offerings, favorable business environment, and near-zero tax regime, has experienced a recent surge in interest. Moreover, the surge of entrepreneurs, high-tech startups, and high-net-worth individuals, particularly post-Brexit, has revitalized Dubai’s residential market.
Mark Wilson, Adviser to CEO and Head of Research at Housearch, said, “Oman and Qatar’s strong showing in our 2024 Index reflects growing investor confidence in the Gulf region as a whole”. He explained that the gross rental yields now range from approximately 6% in Qatar to up to 10% in some areas of Dubai. Therefore, these markets offer lucrative opportunities for those seeking stable returns in the current economic climate.
The Housearch Investment Index evaluates residential property markets in 50 countries. Factors such as rental yields, peace and stability ratings, property rights, and economic growth rates contribute to the comprehensive assessment.
This development presents a significant opportunity for investors seeking portfolio diversification and entry into high-growth emerging markets. As Housearch continues to lead the way in global online real estate, the Gulf countries stand poised to redefine residential property investment in 2024.