Dubai, UAE, 02 November, 2015: Research and Real Estate Studies Department from Dubai Land Department (DLD) issued a report revealing that the local economy of Dubai received strong support from real estate investors in the first 9 months of 2015, which has exceeded AED 81 billion, with 29,596 investors from 155 nations making property transactions.
DLD's report revealed that Emirati investments formed the lion's share of this figures, with UAE nationals making 3,267 transactions worth AED 16 billion in the city's property sector. Saudi Arabia was ranked in second place on the list of GCC real estate investors, having made transactions worth AED 5 billion, followed by Qatar, Kuwait, Oman and Bahrain. GCC Investors completed AED 24 billion worth of transactions made in the first 9 months of this year.
"These figures accumulated over the first nine months of the year confirm the attractiveness of Dubai real estate market and its ability to attract investors, which ultimately means maintaining its position among the world's leading investment destinations. At the same time, we are pleased with UAE nationals demand in the local real estate investments, because they play an important role in maintaining the balance of the market," said HE Sultan Butti Bin Mejren, Director General of DLD.
DLD's report showed that 4159 investors from 17 Arab nations completed transactions worth more than AED 9 billion in the first 9 months of 2015. Jordanians made transactions to the value of AED 2 billion came from 747 investors, while Lebanese nationals were second on the list of Arab investors having conducted AED 1.7 billion worth of transactions, followed by Egyptians with investments worth of AED 1.3 billion, and investors from Iraq with investments worth of AED 1.2 billion, followed by those from Yemen, Sudan, Algeria, Palestine, Algeria and Libya.
"These reports reflect the confidence of the investors in the economy of Dubai and the United Arab Emirates. Investors are aware that government policies ensure that the UAE economy sustained growth for a long time, especially as it prepares to host "Expo 2020", along with wise investment legislation issued by the Government to overcome any unexpected problems," concluded bin Mejren.
DLD's list included the amount of real estate transactions conducted by foreign nationals in 9 months, with investments reached up to AE 46 billion. Top 10 nationalities included India, Pakistan, Britain, Canada, Russia, China, USA, France and Afghanistan.
Nationals from India were ranked first for foreign investment, having made transactions worth AED 13 billion made by 4,661 investors. British investors were in second place having conducted deals worth AED 7 billion, followed by Pakistani investors with transactions worth AED 5 billion.