Flip through the latest issue of Gulf Weekly.
According to a leading real estate agency in the kingdom, more Gulf nationals are buying into the prime property market in London as a result of strong GCC currencies to the pound and falling real estate prices.
A survey done by UK estate agents and regional sources found in the Middle East that foreign demand for property in the English capital has risen by 35 per cent in a year, with 52 per cent of the increase coming from the Middle East.
Ross Culhane, business development director of Star International Real Estate, said: "I have found that many Arabs buy but don't sell. They don't flip around properties the way many expats in the past have done by buying and selling off-plan in, say, Dubai, in the hope of making a quick profit. They keep them and build up a portfolio in a very solid, old fashioned and sensible way."
The economic crisis in the UK has seen property prices in London fall about 22 per cent since its peak in 2008 - making the favoured properties of Knightsbridge, Mayfair and Belgravia more affordable.
Currently there is a magnificent Mayfair mansion up for sale on Star International's books. The property features a private 15m garden, 17m pool and a separate mews house with garage.
The freehold estate was newly-restored into a single occupation home and mews of approximately 11,300sqft. There are four reception rooms, a master bedroom with ensuite dressing room and bathroom, three bedroom suites, a modern kitchen and utility room, a staff studio flat, cloak room, passenger lift and air cooling.
The mews house boasts three bedroom suites, guest kitchen and a double garage.
