Birmingham, United Kingdom, October 2024: Select Property, a major UK-based property developer and investment partner, announced plans to create an exclusive new residential complex in the heart of Birmingham, the UK's top city for rental yields and capital growth.
The debut comes amid lower interest rates and recent UK immigration reforms for GCC nationals, both of which are boosting activity in the UK property market, according to the company.
"Birmingham, home to our latest development, a luxury residence for the UAE and GCC market, has become a key focus due to its high rental yields, promising infrastructure developments, and a robust student population," Adam Price, the CEO of Select Property, stated in a press release by Zawya.
"The city's combination of luxury branded residences, educational institutions, and thriving economic prospects mirrors the appeal seen in other key UK cities like Manchester," said Mr. Johnson.
According to Price, GCC investors, particularly those from the UAE and Saudi Arabia, have recently been leveraging their gains on local properties to invest in UK real estate, seeking the market's strength and stability. To commemorate the debut, Select Property will hold an exclusive VIP investor event for the residential property on October 10, with attendees receiving priority access to a pre-launch discount ahead of the global launch later that month.
Birmingham Real Estate Draw
According to Select Property, its new construction will improve the resident experience like never before, with a focus on well-being and premium amenities across 14,000 square feet across five floors.
Notably, it will be the first residential complex in Birmingham's city centre to include a swimming pool, according to the statement.
Other amenities include a spa, a climbing wall, and a 45th-floor sky club, all of which provide inhabitants with a modern urban lifestyle. Earlier this year, Select Property announced the results of a poll, which revealed that 73% of Saudi investors have contemplated investing in the UK property market.
Of this, 75% were eyeing Birmingham or Manchester, and 65% viewed real estate as their preferred investment haven.
To summarise, Select Property's new residential complex in Birmingham is poised to transform urban living with its exquisite amenities and strategic location. The property is drawing significant interest from GCC investors, particularly those from the UAE and Saudi Arabia, as a result of favourable UK visa reforms and cheaper borrowing rates. This project demonstrates Birmingham's expanding appeal as a premium real estate investment destination, echoing the success witnessed in other major UK cities. The private VIP event on October 10 will provide investors with a rare opportunity to gain early access to this potential enterprise.
