Dubai - Mubasher: Foreign investments in Dubai property market in the last 18 months amounted to AED 151 billion, according to the Dubai Land Department (DLD).
However, the data of the DLD showed that UAE nationals are in the lead, outperforming all other nationalities that invested in the emirate's realty market between January 2016 and the end of June 2017.
The director general of Dubai Land Department, Sultan Butti bin Mejren said that "Up to 217 nationalities have invested a total of AED 151 billion in Dubai’s real estate market.”
“This demonstrates the confidence that the world has in our real estate environment, which is characterised by a strong regulatory system that provides safety and security for all parties,” he added.
Emiratis made close to 12,000 investment transactions worth AED 37.4 billion, while Indian, Pakistani, Saudi Arabian and British investors ranked second, third, fourth and fifth respectively in terms of the number of registered transactions.
Indian investors made 10,628 transactions worth more than AED 20.4 billion, while Pakistanis made 5,398 real estate transactions worth approximately AED 7 billion.
Saudis led the Gulf nations with 5,366 transactions worth AED 12.5 billion and UK citizens took poll position among the European nationalities with 4,188 transactions worth AED 9 billion.
Besides investors from Saudi Arabia, citizens from three other Arab countries appeared on the list, with investors from Egypt, China, Jordan, Lebanon and America placing in sixth to tenth places respectively through 2,439 transactions worth over AED 4 billion.
Egyptians came in sixth place, followed by Jordanians who made 2,235 transactions worth AED4.2 billion.
Chinese investors ranked in eighth place after concluding 2,177 transactions worth AED3.1 billion, while Lebanese nationals came in the ninth place with 1,313 transactions worth AED2.6 billion and Americans ranked tenth with 1,119 transactions worth close to AED 2.9 billion.
Combined, all of the other nationalities registered in the DLD’s database made a total of 23,318 transactions amounting to a total value of AED48.665 billion.
