Property agent targets GCC investors looking to buy a home in London
International property agency Chestertons plans to market a $910 million development in London to investors from the UAE and wider Gulf region.
Wardian, a project by London developer Eco World Ballymore, will be showcased to regional investors between October 8 and 10 at an event at Jumeirah at Etihad Towers in Abu Dhabi, the agency said in a statement.
The development, situated close to the Canary Wharf business district in the Docklands area east of the UK capital, is set to open its doors to the first residents in 2019. Prices for suites start at $613,000, one-bedroom apartments at $815,000 and two-bedroom units at $1.07 million.
The two residential towers, at 50 and 55 storeys, will house 624 new private suites, apartments and penthouses. Each apartment comprises of a private sky garden up to 37.2 square metres, overlooking South Dock and Canary Wharf.
Wardian London will also contain a rooftop observatory bar, two restaurants, 24-hour concierge and a 25-metre open-air swimming pool.
Chestertons said it will target UAE investors looking to buy their first or second homes, adding that London remains a key market for GCC property investors.
“The percentage of investors from this region buying London based properties has significantly grown each year. On the other hand, population growth in the capital continues to outstrip supply and these conditions are set to continue,” said Samuel Warren, Global Director of International Residential Developments at Chestertons.