Top Investors in Dubai Real Estate Market
Indians, once again, have emerged as the second highest investors in the Dubai realty market. The first place, of course, has been taken by the UAE nationals. This is according to the latest data released by Dubai Land Department (DLD)’s transactions report, issued by its Real Estate Research and Studies Department.
Dubai Real Estate Still Hot on the Charts
As per the transaction report, in the first half of the year 2016, real estate transactions of worth AED 57 billion have taken place. A total number of 26,000 investors from 149 countries have reposed their faith in the reviving Dubai real estate scene.
GCC Leading the Charge
Citizens of the Gulf Cooperation Council (GCC) poured in AED 22 billion in the Dubai real estate market. They accounted for more than one-third of the transaction value. GCC nationals participated in eight thousand transactions, which is more than one-quarter of the total number of transactions that the market saw in the first half of 2016.
Among the GCC nationals, it was the Emiratis, who pumped in maximum investment. Emirati Investment soared to AED 14.523 billion from 4,543 investments. The rest of the GCC investors contributed close to AED 7.5 billion over 3,656 transactions. Among the GCC nationals, Saudi Arabia came in second with a total investment of AED 4 billion, that came from 1,946 investments. Nationals of Kuwait, with 743 investment transactions were the third highest investors in the Dubai realty, from among the GCC countries.
AED 7 billion from Arab Investors outside GCC
Arab nationals from outside GCC actively invested in the Dubai real estate market. They secured 7,577 investments worth AED 7 billion. Among the non-GCC Arab nationals, Jordanian investors ranked first. They picked investments worth AED 1.37 billion, a figure derived from 710 transactions. The Lebanese investors were the next in line with AED 1 billion.
Foreign Investment despite the Lukewarm Market Sentiment
Investments of over AED 28 million made their way into the Dubai realty market, in the first half-year of 2016. 14,314 transactions were carried out by the foreign investors. Indian investors grabbed the top position with investments worth AED 7 billion, that generated from 3,656 transactions. With a transaction amount totalling AED 4 billion, the British investors were ranked second in this investor field. They participated in 2,010 transactions. Pakistani investors were the third in this list, as they pumped in AED 3 billion over 2,073 transactions.
Despite the tepid global market conditions, Dubai realty market has managed to hold its own. The market has remained sturdy and has been able to meet diverse demands. Even in the future, the Dubai realty market will continue to attract more investors from diverse geographies.
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