Dubai Land Department :
Emiratis made the most number of transactions between January 2016 and June 2017
The Dubai Land Department (DLD) has revealed a list of the top 10 nationalities of property investors in Dubai between January 2016 and the end of June 2017.
Overall, people from 217 nationalities invested a total of Dhs 151bn through 71,000 transactions in Dubai’s real estate market in the 18 months to June.
While Emiratis made close to 12,000 investment transactions worth Dhs37.4bn, they were followed by Indian, Pakistani, Saudi Arabian and British investors respectively for the number of registered transactions.
Sultan Butti bin Mejren, director general of DLD, said: “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.
“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.”
Excluding investors from the top 10 nationalities, others registered in the DLD’s database made a total of 23,318 transactions amounting to a total value of Dhs 48.665bn.
Dubai Land Department
Top 10 nationalities of property investors in Dubai (in the last 18 months)
1. UAE
Transactions: 12,000
Value: Dhs37.4bn
2. India
Transactions: 10,628
Value: Dhs20.42bn
3. Pakistan
Transactions: 5,398
Value: Dhs7bn
4. Saudi Arabia
Transactions: 5,366
Value: Dhs12.51bn
5. UK
Transactions: 4,188
Value: Dhs9bn
6. Egypt
Transactions: 2,439
Value: Dhs4bn
7. Jordan
Transactions: 2,235
Value: Dhs4.21bn
8. China
Transactions: 2,177
Value: Dhs3.14bn
9. Lebanon
Transactions: 1,313
Value: Dhs2.66bn
10. US
Transactions: 1,119
Value: Dhs2.87bn
Dubai Land Department
Last month, the DLD revealed that the emirate recorded a 16.8 per cent increase in the total value of real estate transactions in the first half of 2017, compared to the same period last year.
The value of transactions for the first half totalled Dhs132bn compared to Dhs113bn in the first half of 2016. This was also 2.3 per cent more than the Dhs129bn recorded in H1 of 2015.
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