Business Bay most popular buyer choice

28.04.2015
Business Bay accounted for AED1.84 billion of transactions in the first quarter.

Business Bay was firmly established as the most popular buyers’ choice in Dubai during the first quarter, accounting for AED1.84 billion in the first quarter.

This put it ahead of Dubai Marina, which had AED1.81 billion but from only 524 deals. In terms of deals done through mortgages, Dubai Marina topped during this period, with 226 transactions valued at AED444 million, Gulf News reported.

Meanwhile, there were 123 nationalities in the 8,650 investor led property deals during the first quarter. Gulf-based nationals accounted for Dh9 billion, non-Gulf Arabs contributed Dh3 billion, and foreign nationals at AED12 billion.

Of non-Arab nationals, 1,293 Indians had the highest share with AED3.04 billion in transactions, followed by Pakistanis, from whose ranks 953 investors weighed in with AED1.392 billion.

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