The UAE continues to be a playground for investors, with the top nations being revealed as Egyptians and Jordanians when it comes to those looking at investing in its property market.
That’s according to figures which show that the two nationalities accounted for 10% of property seekers on the dubizzle platform in the first three quarters of 2018.
This echoes figures from the Dubai Land Department concerning Dubai real estate transactions during the same period, where Jordanians were identified as the highest Arab investors with 644 investments made by 548 investors, worth over AED 1.2 billion. Egyptians recorded 719 transactions made by 623 investors, worth over AED 1 billion.
However it was the Indian and Pakistani nationals who had the highest interest in the UAE property market, with Indians accounting for 22% of visits to the platform, whereas Pakistanis accounted for 14% of visits.
The top five nationalities visiting property platform dubizzle are Indians (22%), Pakistani (14%), Egyptians (6%), Jordanians (4%) and UK nationals (4%). China, France, UAE, and KSA were also among the top 20 most active users of the platform.
This follows news released from the International Monetary Fund (IMF), which has earlier revised its growth forecasts for Gulf economies, citing that the UAE alone is expected to see its gross domestic product (GDP) rise by 2.91 per cent this year, compared to the July estimate of 1.96 per cent.
In 2019, the country’s GDP should jump by 3.66 per cent, compared to the earlier estimate of 3.04 per cent.
(Source: Arabianbusiness.com YouTube channel)