Globally, the Build-to-Rent model has been one of the fastest growing real estate sectors over the last few years.
This has been driven by millennials' desire to rent rather than own property.
This has been driven by millennials' desire to rent rather than own property.
This trend is even more pronounced in Dubai due to its high millennial population. We have identified this segment as being institutionally underserved.
Global Partners Property Fund I provides a unique investment opportunity in this space, aiming for top tier investment returns using international build-to-rent standards.
In combination with our partners, we combine global reach, local presence and a successful track record to bring the immense opportunity of build-to-rent in Dubai to a global institutional investor audience.
Of expat millennials are renting
of the UAE population are expat millennials
The UAE is lacking institutional rental portfolios of well-designed rental housing for millennial expatriates. We believe this supply constraint is going to increase in the near term due to the aftershocks of the Covid pandemic.
More than 50% of the UAE population are expatriate millennials, the vast majority (> 80%) of whom rent their homes. As the UAE and the wider Gulf continues to benefit from economic strength and government initiatives, we predict ongoing demand growth from this demographic as well as globally for high quality rented residential accommodation in Dubai.
An Advanced Emerging Market: The UAE is a diversified economy built on the solid foundations of its oil reserves, calculated to comprise 8.2% of OPEC’s total reserves . The leadership of the country has successfully diversified its economy to the extent that today energy comprises around 30% of GDP , with financial services, trade, tourism, real estate and logistics comprising major additional elements, and continues to diversify into new economic sectors.
Boasting a world-class infrastructure, the UAE is a global and innovative business hub, a safe haven for the region (Middle East, Sub-Continent Asia, Africa etc.) and boasts the advanced implementation of the latest smart technologies.