Foreign ownership continues play a significant role in Dubai
real estate market, with more than Dh114 billion in purchases a year ago being
attributed to these buyers, according to numbers produced by the Dubai Land
Department.
Indian passport holders showed the bulk of the purchases,
followed closely by British and Pakistani nationals why contributed by buying
Dubai property. It’s interesting to see that foreign people from 162 nations
finished up acquiring real estate in Dubai in 2013. “Investors from around the
globe find Dubai is providing an attractive climate to start property business,”
Sultan Butti Bin Mejren, director-general in the Land Department, explained.
Arab buyers from outside of the Gulf included another Dh12
billion, with Jordanian nationals leading the list at Dh2.6 billion. Lebanese
and Egyptians followed. Saudis used with Dh4.6 thousand.
“The town is currently the focus of attention from buyers
across the world and we expect the field to grow, motivated by the ‘feel good’
component that has accompanied the headlines of the Expo win.”
Robin Gray, country director at Chesterton International,
believes the present conditions may also raise the interest of institutional
investors.
Investors have shown great interest in buying Dubai property and the expo 20202 win will play a huge role in strengthening their
confidence in Dubai real estate market. “They are looking at retail space,
commercial properties and resorts as crucial resources since they specifically
remain to take advantage of the Expo.
By accumulating resources such as the current purchase of a
ground at Index Tower.” “Many local organizations such as Emirates REIT have
also enhanced their investment portfolio
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