British companies have finalized their preparations to participate in Cityscape Global, which kicks off in Dubai next Monday, September 11, and runs through Wednesday, September 13, at the Dubai World Trade Center. This participation comes amid significant interest from British real estate brokers in attracting Gulf investments to the real estate market, following the negative impact of the withdrawal from the European Union, which has spurred efforts to attract dollar-denominated investors from Gulf countries such as the UAE, Saudi Arabia, Oman, and Bahrain,  especially since British residential property prices have fallen by 30% over the past three years for investors dealing in U.S. dollars.”

Real estate brokerage firms such as North Aker and Knight Knox are participating in Cityscape Global to advise exhibition visitors on entering the British market and showcase their latest projects. In this context, Andy Phillips, Commercial Director at Knight Knox, stated: “There is no doubt that now is the ideal time for foreign investors to enter the British real estate and rental market, especially with the decline in the value of the British pound and the resulting drop in British property prices. Approximately 30% of our current business is with buyers from the Middle East, which is a good indicator of the health of the British real estate market and its ability to attract foreign investment.”