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 Dhs 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 Dhs 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 Dhs 151 billion across 71,000 real estate transactions in just 18 months.”
Indian investors made 10,628 transactions worth more than Dhs 20.4 billion, while Pakistani nationals made 5,398 real estate transactions worth approximately Dhs 7 billion. Saudi Arabians led the Gulf nations with 5,366 transactions worth Dhs 12.5 billion and UK citizens took poll position among the European nationalities with 4,188 transactions worth Dhs 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 Dhs 4 billion. Egyptians came in sixth place, followed by Jordanians who made 2,235 transactions worth Dhs 4.2 billion.
Chinese investors ranked in eighth place after concluding 2,177 transactions worth Dhs 3.1 billion, while Lebanese nationals came in ninth place with 1,313 transactions worth Dhs 2.6 billion and Americans ranked tenth with 1,119 transactions worth close to Dhs 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 Dhs 48.665 billion.