Summary Gulf countries came third.
(WEB DESK)- Pakistanis and Indians have poured a combined amount of Dh27 billion-plus into Dubai property in the last eighteen months.
As per stats shared by Dubai Lands and Properties Department, Pakistani nationals made 5,398 real estate transactions worth approximately AED7 billion thus ranking third while only lagging behind only Indians and UAE’s natives.
Indian buyers stood second with whooping Dh20 billion worth of transactions. Saudi Arabian and British investors ranked fourth and fifth respectively in terms of registered transactions. Saudis led the Gulf nations with 5,366 transactions worth AED12.5 billion and UK citizens took poll position among the European nationalities with 4,188 transactions worth AED 9 billion.
Sultan Butti bin Mejren, Director-General of Dubai Land Department, commented: "Up to 217 nationalities have invested a total of AED151 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."
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 AED151 billion across 71,000 real estate transactions in just 18 months."
