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FINANCIAL NEWS
Saudi investments in Dubai’s real estate hit USD6.17b
16 Mar 2015
(MENAFN) Saudi investments in Dubai real-estate sector reached USD6.17 billion, according to Dubai Land Department (DLD) report, Arab News reported.
The Saudi outward FDI in real estate remains buoyant and Saudi investors getting ready for a strong participation in the upcoming show in Dubai.
Investors from Saudi have always been among the top regional buyers in Dubai property and this trend is likely to continue in 2015, according to exhibition director of Strategic Marketing & Exhibitions.
“Due to the higher transfer fees and mortgage caps, the Kingdom’s investors find the Dubai property market well regulated and an ideal location for owners, tenants and landlords,” the director added.
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