Author Archive : Driven Properties

5 reasons why Birmingham is the next London

Central Birmingham and the Bullring at night

When you mention the United Kingdom, London is usually the first city that comes to mind. But over the years, the city of Birmingham is quickly becoming the contender for Britain’s next top metropolitan city. Both The New York Times and New York Magazine recommended their readers to visit Birmingham instead of London” and a survey by PwC revealed that Birmingham was among the top 10 European cities for investment. Nobel Prize winner Malala Yousufzai even stated that “Birmingham is the heart of England”. With the United Kingdom’s second largest city in focus, we find out what factors makes Birmingham the next London.

 

1.The Ambitious Projectsnew-stmetro-ez

The midlands city is currently working on redevelopment and regeneration programs in various sectors, most notably the real estate sector that will further boost the city’s already strengthened economy. Birmingham’s ‘Big City’ and development plan are bold expansion projects that will make it the world’s next city center and are due for completion by 2031. The project is set to create better city environment for its 4.3 million workers and residents. Furthermore, the city is also introducing enterprise and economic zones within various parts of the region, which will take advantage of Birmingham’s central location. By the year 2031, the city will be known as the next global, business and financial hub. UK developers SevenCapital, are taking advantage of the rise in Birmingham economy by introducing Albion House, a new phase of St.George’s Urban Village.

2a49f74600000578-3151619-six_hsbc_staff_have_been_sacked_after_filming_themselves_staging-m-4_14362658476272. The Job Opportunities

Due to the new development plans and the introduction of business zones within the city, there is a possibility of around 50,000 new jobs for Birmingham residents by 2031. In addition to potential employment openings, Birmingham also created 10,000 more current career options with the headquarters of HSBC, Deutsche Bank, RBS and HS2 relocating to Birmingham. Not only will it create great employment prospects, but also be a short walking distance for most workers and residents living in Birmingham.

 

 

 

3. The City ViewsBirmingham, Alabama, USA downtown skyline.

London definitely has an impressive cityscape, but Birmingham has many features that make it a picturesque city as well. Tourists and visitors can enjoy the city views in various ways. With Birmingham having more canals than Venice, a boat can be one of the many options. In addition, it’s also called the greenest city of UK with over 8,000 acres of parks, green landscapes, and open spaces. So whether it’s just having a quick walk around the city square, or leisurely having a boat ride in their canals, residents will definitely feel more refreshed and rejuvenated living in this charming city.

4. The Crowdbirmingham_1

Birmingham is no stranger to a diverse and multicultural community, with a third of its population belonging to ethnic minority groups. In addition to being rich in culture, Birmingham also happens to be the youngest city in the UK with 40% of its population being under the age of 25. This is mainly due to the five esteemed universities in the city boasting 73,000 students, with 10,000 of them being from the Middle East alone. Even with 34 million visitors a year, Birmingham residents are glad that they don’t get the same influx of tourists as the UK capital. The low number of tourists makes the city a lot less congested and crowded, while the transportation system and abundant city streets make it easier to move around the city.

 

5. The Expensesswiscoin-as-an-investor

According to BBC, in 2015 around 6,000 residents made the permanent move from London to Birmingham due to high daily expenses in the capital. A 2013 study revealed that the total cost of living in Birmingham is an astonishing 60% lower than living in London. With affordable housing, transportation, and even cheaper grocery and food options, Londoners made the obvious choice of moving to the midland city.

 

 

With such outstanding features and incredible factors, it’s no wonder that Birmingham is gaining global recognition, making it the next obvious foreign investment choice for residents and individuals all over the world.

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UK developers SevenCapital and Dubai-based agency Driven Properties are presenting a unique opportunity of investing in Birmingham through their latest project, Albion House. This latest installment of St. George’s Urban Village which is located in this city’s most lively and vibrant area, The Jewellery Quarter. This sector is home to jewellery artisans, entrepreneurs and some of Birmingham’s most creative community.With a central location and incredible prices, Albion House proves itself to be the indisputable option for Dubai residents who would like to take advantage of Birmingham’s rising name in the international market.

Contact our international property specialist Daniel Whitlock for more information about Albion House and investing in Birmingham.

Infographic: The Facts and World Records of Burj Khalifa, the Crown Jewel of Downtown Dubai

Burj Khalifa Driven Properties Infographic

With its dazzling architecture, Downtown Dubai represents a perfect marriage of urban design and luxury living.

The centerpiece of Downtown Dubai is the ever-majestic Burj Khalifa, which surrounded by the man-made Dubai Fountain, shopping outlets, high-end hotels, and some of the city’s most revered restaurants, cafes, and lounges. Burj Khalifa is not only the tallest man-made structure in the world, but also presents a unique design and vision which adds create to the identity of the neighbourhood as well as the city.

Take a look at our infographic to find out more Burj Khalifa facts and world records.

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INFOGRAPHIC: Citywalk Phase 2

 

 

Seeing the great addition retail hub City Walk was to the city, the second phase of this Meraas development is set to be nothing short of incredible. Balancing between Downtown Dubai and Jumeirah, visitors of this project are immediately transported to a different land. With the new additions, City Walk integrates residential, dining, and entertainment in one unique space.

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Driven Properties announces strategic partnership with Corcoran Group

Corcoran

Dubai-based brokerage Driven Properties recently signed an exclusive agreement with Corcoran Group, New York’s leading real estate agency. This strategic partnership gives Driven Properties the exclusive rights to market Corcoran’s properties in the region.

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Projects Handing Over in 2016

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The residential property pipeline kept growing in 2015, however many projects are nearing completion and developers are beginning to handover many of said projects soon. Here are a few of project set to be handover to owners in 2016.

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Dubai: The Mystery & Variety of Mid Income Housing

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A spatial analysis of Dubai reveals that a higher concentration of residents is living in leasehold areas compared to freehold. The density differential between both segments of the market can be attributed towards the multitude of options that exist in the mid-income housing space for each. The leasehold segment has a wider range of affordable housing options, whereas freehold still predominantly caters to the affluent class. (more…)

Driven Properties Named Best Real Estate Agency

Arabian Property Awards - Real Estate Dubai

In its quest to discover the best real estate agency in Arabia, the International Property Awards in London invited the finest real estate companies to present their businesses and detail the services offered. The judging committee chaired by two active members of the House of Lords scrutinised hundreds of entries and Driven Properties has been informed that it has won an Arabian Property Award for Best Real Estate Agency.

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Centurion Residences – Register Now!

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Situated in the heart of Dubai Investment Park, next to the up-and-coming Dubai South, lies Centurion Residences. The Mediterranean style architecture, lush landscaping, and courtyards of Centurion provide a luxurious and tranquil environment. This development allows its residents connect with nature and escape city a little while, while still being highly accessible.

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