UK/November 01, 2022/By Nicole Abigael/https://www.arabianbusiness.com/
Investors are increasingly looking for properties close to universities and schools
In the last six months, 40 percent of enquiries were related to education, according to Barratt London, a development company in the United Kingdom. UAE investors are increasingly looking for properties near universities and schools.
The UK’s universities admissions service revealed a record number of applications from UAE students who have applied to study in the UK in 2022, this number has seen a staggering growth of 247 percent since 2011.
Education is one of the main drivers of property sales in the UK, according to Barratt Developments. London specifically witnesses an increased demand in properties close to universities and schools.
Data from the UK’s universities admissions service, UCAS, has revealed that Britain is one of the world’s leading destinations for international students, with many selecting London due to its status as a globally renowned academic hub.
Data from the admissions service revealed that international undergraduate applicants will increase by 46 percent in 2026.
“Around 40 percent of our Middle East enquiries are related to education. For many parents from the region looking to send their children to schools and universities in London, having a bolthole that allows them to visit their children more freely is a prerequisite,” said Stuart Leslie, International Sales and Marketing Director at Barratt London.
“When not using it themselves, they can take advantage of the high yields attainable in the city and use it as a rental property, creating a win-win situation,” he added.
Accommodation for university students in the capital starts from around £800 a month for a basic room, up to £2,000 a month for a studio apartment. “A number of the people we speak to, particularly from the UAE, are focused on sending their children to the UK and investing in the property market because they’ve been educated there and understand the investment opportunities of owning a property in London,” Leslie concluded.