Top nationalities continue to invest in Dubai real estate

Top nationalities continue to invest in Dubai real estate

The market is expected to continue its upwards trajectory with more foreign investors pouring into the market, owing to visa reforms and economic stability. The changing scenario in the Dubai labour law and the abundant entrepreneurial opportunities are also attracting a huge number of investors, according to Zoom Property Insights.

Ata Shobeiry, CEO at Zoom Property, credits overseas investors for the exceptional performance of the property market in recent months.

He said, “The rising demand, property prices, and ROI can be majorly accredited to the influx of overseas investors. Expo 2020 facilitated the visit of many first-time investors, who ultimately decided the market is worth investing in. I believe the recent announcement of the new green residence visa and broadening eligibility criteria for the golden visa will provide more opportunities for foreign investors, resulting in an even better performance in subsequent quarters”.

European investors dominated the market in Q1, 2022

The market remained dominated by European investors during the first quarter, with the UK, Italy, and France occupying the first, third, and seventh spots on the list of top nationalities investing in Dubai. Canadian buyers increased by 116 per cent during Q1 2022 as compared to Q1 2021. Investors belonging to the sub-continent, India