The volume of foreign direct investment (FDI) in the UAE rose to around Dhs426 million ($116 million) over the first two months of this year, according to FDI Intelligence magazine of the Financial Times. Dubai accounted for 73 per cent or Dhs311 million ($84.6 million) of the overall foreign direct investments in the UAE over January and February 2014, according to the Gulf Today.

In its report issued on Monday, the magazine pointed out that the volume of foreign direct investments rose by 7.14 per cent in January compared to the same period last year, while it jumped to 45.83 per cent in February compared to February 2013.

Americans got the lion’s share of the overall foreign direct investments in the UAE at 21.53 per cent or Dhs91 million ($24.9 million) during the said period, while Britons came in the second place in terms of the volume of investments.

Meanwhile, the UAE real estate industry is in fine fettle and winning the Expo 2020 title has further strengthen the property sector in the emirates, with improved performance across the majority of sectors.

This was stated by Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, during a press conference.

Lootah Real Estate Development, a Dubai based high-end real estate developer, has announced the official launch of its Shamal Community development for sales at Jumeirah Village Circle in a press conference in Dubai.