DUBAI --- The value of real estate investment transactions
made by overseas buyers in Dubai in 2015 exceeded AED135 billion, up 24 per
cent from AED109 billion of transactions reported in 2014, the Dubai Land
Department said in its annual report.
Investments by nationals of the
Cooperation Council for Arab States of the Gulf (GCC) members in 2015 stood at
AED44 billion (2014: AED32 billion), with Emiratis accounting for AED26.1
Investments by Saudis jumped by 73 per
cent according to the Department's figures - up to AED9 billion (2014: AED5.2
billion), with the number of investors leaping by 86 per cent to 3,259 ( 2,745
The total number of overseas
non-Emirati investors who come from 150 countries and pumped grew to around
56,000- a 33 per cent climb on the 41,475 reported last year. They account for
than half of the total investments in the sector in 2015 (AED74 billion), the
Indians topped the list of non-Arab
foreign investors in terms of numbers (8,756) with more than AED20 billion of
real estate purchases in 2015, followed by Britons (4,889) who spent AED10
billion. Pakistanis came third, buying AED8 billion (2014: AED7.6 billion)
worth of properties.
Non-Gulf Arabs also increased their
investment by a third to AED16 billion (2014: AED21 billion), with Jordanians
topping the list in 2015 (1,516 investors buying AED3.5 billion worth of
properties), followed by Egyptians (1,390 investors, AED2.6).
Director-General of the Dubai Land
Department, Sultan Butti bin Mejren said Dubai enjoys an extremely high degree
of acceptance from international investors because of its attributes and its
return on investment.
Bin Mejren noted that investments
pumped by Gulf nationals provide Dubai's property market with a strong
protection from seasonal fluctuations.