The Dubai Land Department (DLD) has revealed that Saudis were the most active in real estate investment in the emirate between January and June 2014, spending AED 3.4 billion ($925 million).
Qataris came in second place with AED 1.5 billion ($408 million) spending, followed by Kuwaitis with AED 839 million ($228 million), according to Al Hayah newspaper. Omanis ranked fourth with AED 482 million ($131 million), while Bahrainis came in last with AED 247 million ($67 million).
Other non-Gulf nationalities that topped the list of property investors in Dubai were Indians, who spent AED 10.5 billion ($2.8 billion) followed by the British and Pakistanis with AED 5.8 billion ($1.5 billion) and AED 4.5 billion ($1.2 billion), respectively in real estate spending in Dubai.
Total property investments in Dubai have during the first half of 2014 have amounted to AED 50 billion ($13.6 billion).
Qataris came in second place with AED 1.5 billion ($408 million) spending, followed by Kuwaitis with AED 839 million ($228 million), according to Al Hayah newspaper. Omanis ranked fourth with AED 482 million ($131 million), while Bahrainis came in last with AED 247 million ($67 million).
Other non-Gulf nationalities that topped the list of property investors in Dubai were Indians, who spent AED 10.5 billion ($2.8 billion) followed by the British and Pakistanis with AED 5.8 billion ($1.5 billion) and AED 4.5 billion ($1.2 billion), respectively in real estate spending in Dubai.
Total property investments in Dubai have during the first half of 2014 have amounted to AED 50 billion ($13.6 billion).
Source:
Mubasher
