Pakistanis emerge as third largest investors in Dubai real estate sector: report


Pakistan has been ranked the third largest investor in Dubai, according to figures released recently by the Dubai Land Department (DLD) of top 10 nations that have invested in the city’s real estate sector from January 2016 to June 2017.
A Geo News report said that India comes second in the list of top 10 investors in Dubai’s real estate market. Indian citizens have invested about AED20.4 billion through 10,628 transactions while Pakistani nationals have made 5,398 real estate transactions investing about AED7 billion, it added. UAE nationals top the list, outperforming all other nations by making the largest investment of about AED37.4 billion through 12,000 registered transactions.
Saudis led the Gulf nations with 5,366 transactions worth AED12.5 billion while British citizens took pole position among the European nationalities with 4,188 transactions worth AED9 billion.
According to the report, 217 nationalities have invested a total of AED151 billion in Dubai’s real estate market.
DLD Director General Sultan Butti bin Mejren said that these figures showed the confidence of the investors around the globe and the significant efforts made by the government of Dubai to establish a healthy investment climate.
“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 Dh151 billion across 71,000 real estate transactions in just 18 months.”
Egypt, China, Jordan, Lebanon and the US are the other countries who made it to the list of top 10 investors in Dubai.