Revealed: who is spending most in Dubai's real estate market

Dubai Land Department publishes list of the top 10 nationalities that invested in Dubai property over past 18 months
Revealed: who is spending most in Dubai's real estate market
By Staff writer
Mon 28 Aug 2017 02:08 PM

Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017.

The new list confirms that UAE nationals are most active, outperforming all other nationalities.

Sultan Butti bin Mejren, director general of Dubai Land Department, revealed that 217 nationalities have invested a total of AED151 billion in Dubai’s real estate market during the period.

"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 said in a statement.

Emiratis made close to 12,000 investment transactions worth AED37.4 billion, while Indian, Pakistani, Saudi Arabian and British investors ranked second, third, fourth and fifth respectively for number of registered transactions.

Bin Mejren added: “This list has been unveiled at a time when our real estate market is preparing for a new phase of growth in the run-up to Expo 2020. We are pleased to have witnessed such a high level of interest from global citizens in Dubai, who have invested over AED151 billion across 71,000 real estate transactions in just 18 months.”

Indian investors made 10,628 transactions worth more than AED20.4 billion, while Pakistani nationals made 5,398 real estate transactions worth approximately AED7 billion.

Saudi Arabians were involved in 5,366 transactions worth AED12.5 billion and UK citizens took pole position among the European nationalities with 4,188 transactions worth AED9 billion.

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 AED4 billion.

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