Among foreign nationals, Indians again represented the single largest demographic among investors, with the size of their commitments totalling AED18 billion. Investor-led transactions in Dubai totalled AED109 billion last year, with UAE nationals leading in investments by GCC investors, according to a Gulf News report.
The total number of buyers was 41,715 buyers. In 2013, AED114 billion worth of transactions had been recorded.
The value of non-Arab investments for 2014 amounted to more than AED64 billion through 29,098 transactions. Among foreign nationals, Indians again represented the single largest demographic among investors, with the size of their commitments totalling AED18 billion from 7,353 transactions. Investors from Pakistan came in second — 5,079 transactions for AED7.58 billion — followed by British investors at AED9.31 billion.
“The Dubai real estate market proves many facts — topping it is (the fact) that Dubai is the ideal investment location in the Middle East and also competing with [the] top investment cities in Asia and Europe,” said Sultan Butti Bin Merjen, director-general of Dubai Land Department, which released the data.