FINANCIAL NEWS

Purchases in Dubai’s property market complete 151bln dirham

29 Aug 2017

(MENAFN) The Emirate’s Land Department released reports showing that Indians, Saudi Arabians, Britons, Pakistanis beside Emiratis are the top buyers in Dubai’s property market during the previous 18 months.

The report indicated that around 151bln UAE dirhams worth of investments were completed, with purchases made by 217 nationalities.

While Emiratis were responsible for less than 24.8% of the deals, investing 37.4bln dirhams in the sector, Indians also represented the second largest group of buyers, purchasing 13.5% worth of property through 20,420 transactions.

On the other hand, Saudis spent around 12.5bln dirhams (11%) on property investment, completing 5,366 deals from UK spent 8.9bn dirhams.

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MENAFN2908201700450000ID1095784603

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