Monday, September 8, 2014

#Indians are top foreign investors in #Dubai's real estate sector

Indians have been ranked top foreign investors in Dubai's real estate sector, making a total of 4,417 transactions worth nearly $3 billion in the first half of the year, according to an official report. Buyers from India, Pakistan and the UK alone spent $5.7bn (AED20.8bn) on properties in Dubai. Investment from locals in Dubai's property sector stood at $5.2bn (AED19bn) for the first half of 2014, with UAE buyers responsible for two-thirds of these deals, according to the Dubai Land Department (DLD).Indians, British and Pakistanis ranked top three foreign investors in Dubai's real estate market.