Dubai – Mubasher: Total investments in Dubai’s real estate market reached AED 91 billion last year, according to data from the Dubai Land Department (DLD).

Indians ranked highest in terms of both volume and value among foreign investors with AED 12 billion worth of property transactions from 6,263 buyers.

Dubai is attractive for Indians due to high capital gains, tax-free environment, great return on investment, proximity to India, and transparent deals among others.

GCC nationals contributed AED 35 billion from 12,768 investors, of which 3,294 investors from Saudi Arabia conducted transactions worth AED 8 billion.

Pakistani investors pumped AED 4.4 billion into the market, while British investments reached AED 5.8 billion.