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FINANCIAL NEWS
Saudis invest USD898m in Dubai’s real estate in H1
20 Oct 2014
(MENAFN) According to a new report by the Dubai Land Department (DLD), Saudi investors made 1,121 transactions worth USD898.20 million in Dubai’s real estate in the January-June period of this year , out of the total USD 5.17billion invested by the Gulf investors, Saudi Gazette reported.
During the cited period, UAE nationals made USD3.40 billion worth of transactions in the city’s property sector, an amount which is almost double compared to the USD1.76 billion invested by all other GCC nationals combined.
The report added that the UAE real estate market is showing great signs of growth, resulting in the attraction of many international companies and service providers, which are keen to expand presence in the region, as well as investors in the region particularly from Saudi Arabia.
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