South Florida attracts real estate investors from the Middle East!

The latest Roxanne Kosberg statistics show that Cityfirst Realty's owner and CEO, a licensed Florida high-end real estate company, mostly for foreign nationals, as well as some of the richest and most accomplished business people and celebrities in the world, buy or sell properties worth several million dollars and sell houses to some of the richest and most important in the world. العقارات

"Middle East investors remain active buyers on the global immobilization market and continue to focus their core assets on safe haven locations. The recent decline in oil prices has only strengthened investors' ability to diversify revenue streams from an asset to a geographical and long term perspective," says Kosberg.

"South Florida achieved Foreign Buyers' all-time high sales of 71 percent in 2019, with 11 percent coming from the Middle East," she added.

There are many foreign investors from all over the Middle East and its neighboring region, including, but not limited to the UAE, Qatar, Turkey and India. The majority of their investments in the residential and commercial property in MIAMi Dade County (Miami, Miami Beach, Surfside, Bal Harbor and Sunny Isles Beach) range from $1,000,000 to $50,000,000++," added Roxanne.

Investors in the Middle East continue to invest specifically in South Florida for many of the same reasons as always. Below are the top three reasons why South Florida is still the top investment destination of the Middle East:

Economic STABLE GROWTH

Its growth and demographics are creating very strong positive long-term trend lines for holders where many of their funds and direct investors appear to be. The constant GDP of Florida attracts much of the Middle East to the state. The State is one of the world's most important tourist destinations, relying more on tourism to drive its economy than any other State. The Sunshine State is also heavily dependent on immobilization and international trade. As of 2019, Florida was the United States' fourth-largest economy, with a gross domestic (GDP) of $1.1 trillion and a budget of $91.1 billion, behind California, Texas, and New York.

Easy knowledge Easy

High connectivity between the Middle East and South Florida has also helped to accelerate demand for individuals and institutions alike. The three major Gulf carriers, Emirates and Etihad Airlines included but not limited, have regular flights to south Florida and other regional airlines and U.S. operators.

Sovereign wealth funds, especially in Qatar and the United Arab Emirates, have largely driven the increased volume of real estate investment. According to the report, favorable exchange rates and the desire to diversify assets have led the funds to search the United States for residential and business property, with Miami at the top. Further investment can likely be made by easy direct flights to the Middle East from Miami International Airport and Fort Lauderdale Airport. Some of the most notable Middle-Eastern investments in recent years include Viceroy Miami's $65 million sale to Al Rayyan Tourism Investment Company, a Qatari-based hotel investment company based in Koweīt.

The newly-built Modern Town Center Apartments in Miramar and the acquisition by the Abu Dhabi Investment Authority of Miami Beach EDITION for $230 million at the end of 2015 will result in Capital's $120 million purchase. In 2014, a group from Qatar acquired the St. Regis Hotel in Bal Harbour, Florida for $213 million.

LIFESTYLE VIBRANT

Middle East, GCC, and the United Arab Emirates investors and home buyers, in particular, love Miami's dynamic nightlife, art, and international business center.

In particular, South Florida has a picturesque mix of bright white sandy beaches, vibrant international community and flourishing entrepreneurship. The destination offers endless options for experiencing the cosmopolitan lifestyle of South Florida with condominiums, townhouses, single family homes, estates and management households available in the county of Miami-Dade, Fort Lauderdale, Broward County and the Palm Beaches. South Florida enjoys all year long activities and festivals, such as Art Basel, the Winter Music Conference, the International Boat Show in Miami, and the Fort Lauderdale, among others. In addition to that, the Miami Heat, Miami Dolphins, Miami Marlins, Florida Panthers and Miami Hurricanes play sports all year round.

 

For sporting entertainment. If you enjoy weekend trips, South Florida offers several options for familiar adventures. The nearby Florida Keys, Walt Disney World, and the Bahamas are just a fast drive, flight or cruise.

"The Middle East is part of an increasing number of countries that are buying real estate in Miami. We at Cityfirst Realty assist our international customers in choosing the best properties, negotiating the best prices and terms thanks to our longstanding real estate market expertise and facilitating the closing process via our network of highly specialized lawyers and accountants. Everything is done in the most personalized way to meet our customers' needs. For them we're always here." Roxanne added