Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Dubai Land Department reveals the top 10 nationalities that invested in Dubai's real estate market over the past 18 months
 
Dubai Land Department reveals the top 10 nationalities that invested in Dubai's real estate market over the past 18 months

AED 151 billion invested by 217 nationalities

Dubai, United Arab Emirates, 28 August 2017:  Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real 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.” 

The recent research found that Emiratis made close to 12,000 investment transactions worth AED 37.4 billion, while Indian, Pakistani, Saudi Arabian and British investors ranked second, third, fourth and fifth respectively for number of registered transactions.

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.”

Indian investors made 10,628 transactions worth more than AED 20.4 billion, while Pakistani nationals made 5,398 real estate transactions worth approximately AED 7 billion. Saudi Arabians led the Gulf nations with 5,366 transactions worth AED 12.5 billion and UK citizens took poll position among the European nationalities with 4,188 transactions worth AED 9 billion.

Besides investors from Saudi Arabia, citizens from three other Arab countries appeared on the list, with investors from Egypt, China, Jordan, Lebanon and America placing in sixth to tenth places respectively through 2,439 transactions worth over AED 4 billion. Egyptians came in sixth place, followed by Jordanians who made 2,235 transactions worth AED 4.2 billion.

Chinese investors ranked in eighth place after concluding 2,177 transactions worth AED 3.1 billion, while Lebanese nationals came in  ninth place with 1,313 transactions worth AED 2.6 billion and Americans ranked tenth with 1,119 transactions worth close to AED 2.9 billion. 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.


Posted by : Dubai PR Network Editorial Team
Viewed 7338 times
PR Category : Banking & Investments
Posted on : Monday, August 28, 2017  2:18:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Henkel Reports Robust Performance in Q2, Confirms Guidance f...
Next Story : Intercoil Commences Operations at its New 20 Million SAR Man...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Michael Kors Presents Spring 2018 Jewelry [30110-Views]
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6 countries... [18202-Views]
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment [17971-Views]
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part of ‘Arabic ... [17617-Views]
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London [16988-Views]
Sports Bras Banishing Bounce by 83% arrive in store [16751-Views]
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio [16641-Views]
New Year, New Skin with the Labo Transdermic Anti-Aging Range [15958-Views]
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capabilities [14488-Views]
We Sheet You Not! Foreo Announces End of Face Mask Epidemic [13841-Views]
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare [12676-Views]
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the industry's ... [11572-Views]
Golden Bridge Rectangle Diamonds designed to dazzle [11279-Views]
Qabala joins Air Arabia's Azerbaijan network [11218-Views]
Michael Kors Presents Spring 2018 Watches [9223-Views]
Bubble Clown by Matt Barnes [8638-Views]
DS Podium Chronograph Lap Timer – Racing Edition [8540-Views]
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4 [7729-Views]
Coach presents the Grand Stainless Steel Bracelet Watch Collection [7656-Views]
OMEGA and Pyeongchang 2018 [7570-Views]
Celebrate love with Rado [7344-Views]
Corum Bubble Art For Those Who Appreciate A Work Of Art [7271-Views]
Shimmering Gilda takes on a silvery sheen [7119-Views]
New Year, New Skincare! [6936-Views]
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection [6856-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories