AED37.5b invested in Dubai realty

17.08.2014
Jordanians topped the list of Arab investors, completing transactions worth AED1,347b while Indian nationals ranked first for foreigner investment with transactions worth AED10,523 billion. Emiratis might be the top investors when looking at the GCC, but Jordanians topped the list of Arab investors while Indian nationals ranked first for foreign investment, reveals a Zawya report.
The Dubai Land Department has reported that total of 17,289 real estate transactions worth AED 37.5 billion were conducted in the first half of this year.  DLD 's report, issued by its Research and Real Estate Studies Department, revealed that Arab Investors completed a total of 3,058 transactions worth AED 6,905 billion in the first half of this year. Jordanians made 640 transactions to the value of AED 1,347 billion, with Lebanese nationals second on the list of Arab investors through their creation of 459 real estate deals worth a total of AED 1.235 billion. Egyptians came in at third place after being involved in transactions worth AED 1,009 billion. Arab investors from Iraq, Yemen, Libya, Sudan, Palestine and Algeria also made significant real estate transactions in the first six months of 2014, with investments below the level of one billion dirhams for each of these nationalities.
DLD 's list included the amount of real estate transactions conducted by foreign nationals, with investors from India, Pakistan, Britain, Canada, Russia, China, USA, France and Afghanistan involved in 14,231 property deals worth a total of AED 30.533 billion for the first half of 2014. Nationals from India were ranked first for foreign investment, making a total of 4,417 transactions worth AED 10,523 billion. British investors were in second place with 2,258 transactions worth AED 5,811 billion, followed by Pakistani investors with 3,064 transactions worth AED 4.5 billion. Iranian and Canadian investors came in at fourth and fifth place, with transactions worth AED 2.7 billion and AED 1.9 billion respectively. Citizens from Russia, United States and China occupied sixth, seventh and eighth places, creating more than AED one billion worth of property invested in each category of national.

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