The Dubai Land Department reveals AED 151 billion was invested by 217 nationalities over the past 18 months. Here are the top 10.
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. The new list confirms that UAE nationals are in the lead, outperforming all other nationalities.
His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department, commented: "217 nationalities have invested a total of AED 151 billion in Dubai's real estate market. 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."
At a glance:
1. Emiratis, close to 12,000 investment transactions worth AED 37.4 billion
2. Indian, 10,628 transactions worth more than AED 20.4 billion
3. Pakistani, 5,398 real estate transactions worth approximately AED 7 billion
4. Saudi Arabian, 5,366 transactions worth AED 12.5 billion
5. British, 4,188 transactions worth AED 9 billion
6. Egyptian, 2,439 transactions worth over AED 4 billion
7. Chinese, 2,177 transactions worth AED 3.1 billion
8. Jordanian, 2,235 transactions worth AED 4.2 billion
9. Lebanese, 1,313 transactions worth AED 2.6 billion
10. American, 1,119 transactions worth close to AED 2.9 billion
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 AED 151 billion across 71,000 real estate transactions in just 18 months."
Combined, all of the other nationalities registered in the DLD's database made a total of 23,318 transactions amounting to a total value of AED 48.665 billion.
For more detailed information, phone or email The Dubai Land Department via the contact details below.
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