Investments of Kuwaiti citizens in UAE real estate are experiencing steady growth, according to statements by an expert in the field of real estate and the executive director of the Regional Documentation Institution for Real Estate, Abdel Rahman Al Husseinan. He predicts strong growth of such investments by 2025, especially in the context of increased external investments in the UAE, attributed to trust in the country's stable economy.
According to Husseinan, Kuwaiti investors prefer the real estate sector in the UAE due to the favorable investment environment, developed infrastructure, and a wide variety of investment opportunities. Despite certain challenges, high returns and a wide spectrum of investment opportunities make the UAE an attractive market for Kuwaiti investors in real estate.
Husseinan noted that Kuwaiti investors actively diversify their real estate portfolios in the UAE, primarily focusing on the real estate markets in Dubai and Abu Dhabi. He also emphasized that the UAE offers stimulating investment measures, such as legal incentives and financial opportunities, that attract foreign investments.
According to Husseinan, recent agreements between Kuwait and the UAE aimed at eliminating double taxation and financial abuses by corporations, as well as improving trade operations, expanding marine freight transportation, and opening new marine routes, will contribute to increasing mutual investments between countries in the coming years.
Husseinan also pointed out that the sustainability of Kuwaiti-Emirati relations is positively reflected in Kuwaiti investors' desire to increase investments in the UAE economy, particularly in the real estate sector. He noted that real estate laws in the UAE act as catalysts for foreign and Arab investors, contributing to sustainable growth in investments associated with rising real estate prices in recent years, especially in Dubai.
According to Husseinan, investments in Dubai's real estate have become an essential part of the diversification strategy for many Kuwaiti investors looking for opportunities in stable markets. The diversity of real estate in the emirate offers broad opportunities for investors, including residential, commercial, and hospitality projects, which increases the chances for Kuwaitis to succeed in investments across various sectors of real estate.
He emphasized that partnerships between the public and private sectors in the UAE promote investment progress, while continuous infrastructure development and large projects, such as "Expo 2020" and "Mohammed bin Rashid's projects," enhance the appeal of the emirate's market for investors, including Kuwaitis.
Investments of Kuwaiti citizens in the UAE are considered a key aspect of strengthening economic ties between countries, believes Husseinan, noting that this cooperation contributes to the sustainable growth of real estate and the creation of new job opportunities for national cadres. In 2024, the volume of non-oil trade between the UAE and Kuwait is expected to reach around 50 billion dirhams (13.5 billion dollars) with an annual growth of 9% compared to 2023, while mutual investments between countries increased to about 20 billion dirhams (5 billion dollars) by the end of 2022.
