London developer casts wide net for Middle East investors

The Compton is Regal London's project in St John's Wood in the UK capital.

Regal London, a London developer, has made its foray into the Middle East market with the launch of its office in Dubai. The launch comes as London's luxury real estate market is witnessing a surge in interest from Middle Eastern investors.

Over the past 5 years, around 12 per cent of Regal London sales were buyers from the Middle East.

According to a recent report by PwC, survey respondents considered London's key attributes to be well-developed infrastructure, a well-developed legal framework and the breadth of education for its population. With the long established interest of GCC nationals in London as a destination for travel, leisure and investment, the property developer identified the need for an office to reach its GCC clientele.

Located in Downtown Dubai on Sheikh Mohammed Bin Rashid Boulevard, the office provides Regal London's regional clients with a closer look into the company's developments in London.

"The opening of our offices in Dubai is a strategic step for the company - it serves as a way to enhance our relationship with investors from the Middle East and help introduce them to the opportunities presented by London's property market," said Behrang Jalali, director - Mena, Regal London. "Investors in the region have a great opportunity to buy property in London, one of the world's most popular ultra-prime real estate markets, leveraging the favourable currency exchange rates as well as the recent price corrections."

Regal London is currently celebrating its 20th anniversary having delivered 1,750 new homes in London over 2 decades.

There are over 1,500 residential units in the development pipeline of Regal London.

- business@khaleejtimes.com