Pakistan Ranked 3rd among 10 Largest investors in Dubai Real State Market.
Pakistan has emerged as the third largest real estate investor in Dubai, reveals Dubai Land Department (DLD), citing data spanning 18 months — from January 2016 to June 2017.
According to the details, shared by DLD on social media, Pakistani nationals have made 5.398 real estates transactions pumping about AED7 billion in Dubai's real estate sector.
DLD confirms UAE nationals are in lead making the largest investment of about AED37.4bn. UAE nationals made 12,000 transactions in the given period.
Second comes India made 10,628 transactions and invested AED20.4bn.
Saudis led the Gulf nations with 5,366 transactions worth AED12.5bn and UK citizens took pole position among the European nationalities with 4,188 transactions worth AED9bn.
Egypt, China, Jordan, Lebanon and the US are among the countries who made it to the list of top 10 investors in Dubai's real estate.
“This list has been unveiled at a time when our real estate market is preparing for a new phase of growth in the run-up to Expo 2020. We are pleased to have witnessed such a high level of interest from global citizens in Dubai, who have invested over AED151bn through across 71,000 real estate transactions in just 18 months,” DLD Director General Sultan Butti bin Mejren said.Also Read : YOUTUBE LAUNCHES A NEW LOGO.
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