Saudi Arabia leads Middle East’s luxury property buyers in London
- Date: 27-Jan-2023
- Source: Al-Monitor
- Sector:Real Estate
- Country:Saudi Arabia
- Who else needs to know?
Saudi Arabia leads Middle East’s luxury property buyers in London
Saudi Arabia leads Middle East buyers of prime property in central London, which reached a four-year high for the region in the second half of 2022, according to the global property firm Knight Frank.
Middle East buyers made up 10.9% of all property transactions in London’s most in-demand postal codes, which hasn’t been comprised of a higher proportion since 2015, reported the consultancy.
The region ranks third, only falling behind the European and United Kingdom buyers.
Head of Knight Frank’s Private Office in the Middle East Henry Faun told Al-Monitor that GCC countries are leading this growth, first with Saudi Arabia, the United Arab Emirates, Kuwait and then Qatar.
“They’re looking for diversity in real estate portfolios into global markets, including London,” he said, particularly for second-home real estate in London, and some investment in commercial projects.
“After London, we have seen a large demand for Paris in the past year,” Faun said, which is viewed as an affluent lifestyle destination easily accessible to the Gulf.
He identified particular interest in Parisian areas around some of the most prestigious and pricey neighborhoods around Avenue Foch and Avenue Victor-Hugo, surrounded by embassies and monuments such as the Arc de Triomphe.
Relaxed travel restrictions between London and the Middle
After #Iran, Saudi Arabia to re-establish ties with Syria, sources say
#SaudiArabia & #Syria are nearing an agreement to restore diplomatic ties after negotiations mediatedby #Russia,according to officials familiar with discussions, as the geopolitics of the Middle East shift
Totalitarian communist dictatorships Russia.China. Iran Alliance
We have forced🇨🇳 and🇷🇺 together because of really stupid energy policies. Now add🇮🇷 and Saudi Arabia.
China worked out an alliance before the United States and has taken over the Middle East. All on Biden’s watch.
Read @tparsi and @JabriMD on how the United States’ conflicted approach to the Middle East spurred Saudi Arabia’s shift from confrontation toward diplomacy with Iran—and helped China emerge as a key mediator between these states.
Après l’Iran, l’Arabie saoudite rétablira ses liens avec la Syrie, selon des sources https://www.reuters.com/world/middle-east/after-iran-saudi-arabia-re-establish-ties-with-syria-sources-say-2023-03-23/
ME countries should unite to guard the regional security and stability after too many proxy wars. https://www.reuters.com/world/middle-east/after-iran-saudi-arabia-re-establish-ties-with-syria-sources-say-2023-03-23/
..an "invitation" to Lionel Messi to accept the offer from Saudi Arabia and not just for the money...to the development of football in the Middle East
Cristiano is honest and explains the reason why Messi should play in Saudi Arabia | El Futbolero US News https://www.elfutbolero.us/news/Cristiano-is-honest-and-explains-the-reason-why-Messi-should-play-in-Saudi-Arabia-20230323-0003.html
A weak frontal disturbance will bring scattered rain showers and periods of rain across Saudi Arabia tomorrow afternoon and linger into late tomorrow.
After Iran, Saudi Arabia to re-establish ties with Syria, sources say https://www.reuters.com/world/middle-east/after-iran-saudi-arabia-re-establish-ties-with-syria-sources-say-2023-03-23/
7296.Peace begins to appear in the Middle East as well.
Syria and Saudi Arabia expelled the United States and made a new commitment to each other as friends.
Now, not only these two countries, but all the countries of the Middle East will sign a treaty of peace with each other
After Iran, Saudi Arabia to re-establish ties with Syria, sources say | Reuters https://www.reuters.com/world/middle-east/after-iran-saudi-arabia-re-establish-ties-with-syria-sources-say-2023-03-23/
Ramadan has officially started #cherribi https://www.independent.co.uk/news/muslim-ap-saudi-arabia-middle-eastern-god-b2305325.html
Peace will reign on Middle East! Time for Israel to make peace efforts as well.
Middle East trying to get peace and harmony in region, #SaudiArabia re-establishing ties with #Iran , #Syria , #Turkey and #Qatar .
✅China brokered a security deal between Iran & Saudi Arabia.
✅Russia brokered a diplomatic deal between Syria & Saudi Arabia.
✅Russia is mediating between Syria & Turkey to strike a similar deal.
Russia & China are restoring peace to the Middle East. What is the US doing?
Ever since the US' pivot to Asia, the tension rises in the Asia Pacific region.
Whereas the Middle East finally sees some peace. The spirit of good will and friendship is contagious. After the detente of Iran and Saudi Arabia after centuries of hostility,
“The recent diplomatic agreement between Saudi Arabia, Iran and China isn’t quite a geopolitical earthquake, but it’s more than a tremor.”
@HalBrands discusses how Xi Xinping’s latest maneuver in the Middle East could backfire for @opinion ⬇️
Pearl Polyurethane Systems, one of the leading suppliers of #Polyurethane formulations in the Middle East and Africa region, has just commissioned a state-of-the-art production facility in Jeddah, Saudi Arabia: https://bit.ly/42wDqnf
China brokered the biggest most important peace deal in the Middle East between Saudi Arabia & Iran. There is zero news coverage about it, because peace is boring. Blood & war is more fun to talk about it seems. Iran agreed to stop funding the militias in Yemen & peace at last.
US position in Middle East undermined.... #BidenDeliversAGAIN
Saudi Arabia, Syria Discuss Restoring Diplomatic Relations
A New Order in the Middle East?
Iran and Saudi Arabia’s Rapprochement Could Transform the Region
By Maria Fantappie and Vali Nasr https://lnkd.in/dXtt2YXC
All of ISLAM Uniting🤔 🇸🇦🇸🇾Great news from the Middle East. Syria & Saudi Arabia restore diplomatic relations after 12 years.
• 🇸🇦🇸🇾 Great news from the Middle East. Syria and Saudi Arabia restore diplomatic relations after 12 years. This would not have been possible...
Very curious to know the sanctions the USA imposed on the middle east for their gay stance.
Qatar? Saudi Arabia? Anyone?
Africa has desperate needs. Sex is not one of them
USA says it may impose sanctions on Uganda, after the Parliament passed a law that makes being a gay person punishable with up to 10 years in prison.
Relatives, friends and community members are obliged to report gay people.
Gay sex is punishable with up to life in prison.