Revealed: Biggest Investors in Dubai Property After UAE Nationals
- Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real estate market between January 2016 and the end of June 2017
- Emiratis made close to 12000 investments worth AED 37.4 billion, while Indian, Pakistani and Saudi Arabian investors ranked 2nd, 3rd and 4th respectively for most transactions
- Within 18 months, 217 nationalities have invested a total of AED 151 billion in Dubai’s real estate market
- All of the other nationalities registered in the DLD’s database made a total of 23318 transactions amounting to a total value of AED 48.665 billion
- The Dubai Land Department (DLD) was established in January 1960 to handle all matters of legalisation for sale and purchase of land in the emirate of Dubai
- The most used services of DLD include Project Status Tracking, Ejari System, Ownership Certification Validation, and Rental Increase Calculator
- Of the 10 countries with the most investors in Dubai property, five are Middle Eastern nations, three belong to the Asia-Pacific region, one is European and one is North American
- A new rule was introduced in Dubai for faulty developers or buyers, in which case the matter should be informed to the DLD, who will follow it with a 30-day warning and hefty fines
- The Dubai Land Department aims to focus on three primary needs of Dubai residents and investors – Innovation, Happiness and Confidence