Overseas Buyers Channel Dh74b Into Dubai Realty
Overseas buyers channeled in more than half of the investments — Dh74 billion committed on Dubai realty last year, which totaled Dh135 billion. Indians, totalling 8,756 buyers, again made up the single largest demographic — after UAE nationals — with Dh22 billion worth of property purchases.
UK passport holders — 4,899 of them — came second among overseas buyers with Dh10 billion and Pakistani citizens were third with Dh8 billion and 6,106 buyers, according to figures released by Dubai Land Department.
Across, 2015, there were 35,165 foreign investors in Dubai realty, while taking into account all nationalities, the tally rose to 55,928.
“Dubai enjoys an extremely high degree of acceptance from international investors because of its attributes and its return on investment,” said Sultan Butti Bin Merjen, Director-General of the Land Department. Details