Additionally, investment partner Select Group, with over 18 years of experience in Dubai, suggests that the residential real estate value in the Gulf Cooperation Council will grow at a compound annual growth rate of 2.85%, reaching an estimated $3.43 trillion.

The company emphasizes that the Gulf region seems to have mitigated the negative impact of the global economic downturn, attracting investors to leverage this economic advantage and seek global investment opportunities for income diversification.

Select's data indicates that rental prices in the UK are expected to grow by 15.9% from now until 2027, largely driven by several key factors, including increased interest in investment in the Gulf Cooperation Council.

From June 2022 to June 2023, the average rental prices across the UK rose by 5.1%. The developer notes that prime leasing demand in city centers like Manchester has reached historic highs, with annual rental yields reaching up to 8%.

The developer also points out that this promising investment potential has prompted the Middle East region to anticipate an investment of over $3 billion in the UK's real estate industry by 2024.

Adam Price, the CEO of the Select Group, stated, "In recent years, the UK has remained one of the wisest real estate investment choices globally, owing to its resilience in times of economic uncertainty."

He emphasized the key role played by the Gulf Cooperation Council in driving this growth, as astute investors have taken note of the continuously rising real estate prices and competitive rentals in the market, thus gaining short-term and long-term returns.

He added, "With the Gulf Cooperation Council's strong economic performance remaining stable, the UK's real estate industry seems poised to continue benefiting significantly in the foreseeable future."