You'll be signed off in 60 seconds due to inactivity

English news

25-Jul-2016

1H16 real estate investments reach AED57bn

The total value of real estate investments amounted to AED57bn in 1H16 (+7.5% Y-o-Y), according to Dubai Land Department (DLD). The total number of investors were c26,000 (+30% Y-o-Y) coming from 149 different countries (1H15: 142). GCC citizens contributed cAED22bn (1H15: AED17bn), through c8,000 transactions, of which cAED14.5bn were completed by UAE nationals (1H15: AED11.5bn) through 4,543 transactions. Saudi Arabia nationals came second, with cAED4bn (1H15: AED3.2bn) from 1,949 transactions, followed by Kuwait nationals with cAED1bn from 743 transactions. Arab investors (ex-GCC nationals) contributed cAED7bn through 7,577 transactions, with Jordanians coming on the top of the list, contributing cAED1.5bn, followed by Egyptians with AED1.4bn from 710 transactions, and Lebanese with cAED1bn from 423 transactions. The total value of foreign investments amounted to AED28bn, from 14,314 transactions, with Indian nationals coming on the top of the list, with cAED7bn (1H15: AED7.8bn), from 3,656 transactions, followed by British nationals, with cAED4bn (1H15: AED4.7bn) from 2,010 transactions, and Pakistani investments with cAED3bn (1H15: AED3.3bn) from 2,073 transactions. (Dubai Land Department)

Learn more about the cookies we use.