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Indians, Brits, Pakistanis top expat investors in Dubai property 05/Aug/2015
 

Indians, Britons and Pakistanis continued to remain the top three expatriate property investors in Dubai, according to Dubai Land Department (DLD).

The total sum of investments in Dubai’s real estate market for the first half of 2015 exceeded Dh53 billion, with 19,848 investors from 142 nations making property transactions, the DLD said.

UAE nationals top the list with Dh11.5bn worth of Dubai property market transactions during the first half of the year.

Nationals from India were ranked first for foreign investment, having made a total of 3,017 transactions worth Dh7.8bn.

DLD’s list included the amount of real estate transactions conducted by foreign nationals in H1, with 13,166 investors from India, Pakistan, Britain, Canada, Russia, China, USA, France and Afghanistan involved in deals worth a total of Dh30bn.

British investors were in second place having conducted deals worth Dh4.7bn, followed by Pakistani investors with transactions worth Dh3.3bn.

Canadian investors came in at fourth place with transactions worth Dh1.8bn.

“One look at the figures from DLD’s Research and Real Estate Studies Department is enough to show us that Dubai’s real estate sector is now enjoying sustainable growth. Based on the strong performance of the market, we fully anticipate that the momentum will be continued throughout the next five years as we lead up to Expo 2020, the biggest marketing event in the world,” said Sultan Butti bin Mejren, Director General of DLD.

 

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