KARACHI:
Pakistanis remained in pursuit of real estate in Dubai in the first quarter of 2015 as third biggest amount of foreign property transactions $379 million came from Pakistani nationals, according to local media sources.
Pakistanis purchased properties worth over $4.3 billion (16bn dirhams) in 2013 and 2014 in Dubai, authorities stated.
According to data released by Dubai Land Department in April 2015, Pakistani nationals made transactions worth $379m (1.392 billion dirhams) during the first quarter of 2015, reportedly.
In terms of investor numbers, however, Pakistanis stood second with a total of 953 investors, only behind Indians with over 1,000 investors.
Pakistanis also make up the second largest non-Arab nationality in the UAE, stated a local media outlet.
[…] Karachi News Sources […]
Wow …with the promised $40 billion there will be a boom in property buying abroad.
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