UAE nationals tops the list of investors in Dubai’s real estate, investing Dh15 billion (US$4.1 billion) with 4,510 transactions, according to the Dubai Land Department (DLD), the emirate’s land registry.
The total value generated by GCC investors increased by 16 per cent compared to the same period last year, with 7,665 transactions worth Dh21.7 billion. Saudi nationals ranks second place with a total of 1,936 transactions worth Dh4 billion.
Among the Arab investors, Egyptians and Jordanians took first and second places respectively. The total value of Arab investments reached Dh8 billion, representing a 25.5 per cent increase compared to the same period last year, generated by 4,654 Arab investors, a 40 per cent increase compared to the same period.
Among foreign investors, Indian, Pakistani, British, Chinese and Canadian nationals took the first five places, with 15,062 investors generating a total value of Dh28.6 billion. These figures represent a 35 per cent increase in investor numbers and a 34 per cent increase in value compared to the first six months of 2016.