Revealed: the nationalities investing the most in Dubai’s real estate

  • Date: 15-Nov-2020
  • Source: Arabian Business
  • Sector:Real Estate
  • Country:UAE
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Revealed: the nationalities investing the most in Dubai’s real estate

Investors from India topped the list of nationalities buying properties in Dubai in 2019, according to the annual ‘Real Estate Sector Performance 2020' report issued by the Dubai Land Department (DLD).

Indian investors made 5,426 transactions, followed by the UAE with 5,172; and Saudi Arabia, China and the UK with 2,198, 2,096 and 2,088 respectively. Pakistan, Egypt, Jordan, the US, and Canada completed the top ten list.

The number of real estate investors in 2019 exceeded 34,000, compared to 2018 with just under 30,000, with a growth rate of 14 percent.

Better Homes group MD Richard Waind believes the current uncertainty provides an opportunity for investors

The report revealed that Dubai Marina ranked first in terms of real estate investment quantity in 2019, with 3,920 investments, followed by Business Bay (3,508 investments), Al Khairan