The tally of Dubai property investments up to the end of September was AED50 billion, of which AED30.2 came from foreign investors.
According to the latest DLD’s official data, GCC nationals pumped AED6 billion in Dubai through property acquisitions, while local investors spent AED13.7 billion on real estate units in the emirate.
During the first nine months of the year, Dubai received 27,174 investments through 21,605 investors, totaling nearly AED50 billion. The investments were made by 163 nationalities, of which 16 were Arab, five were from the GCC, and 142 were foreign.
This year Emiratis and Indians quite expectedly shared the top position in the Top 10 investors by nationality, with the former having made 4,112 of investments worth AED9.4 billion in total, and the latter having conducted 4,676 real estate investment deals worth AED8.6 billion.
As said, a total of 142 foreign nationalities opted for Dubai when deciding on a preferable destination for property investments — over 13,800 investors have done 16,900 property transactions worth over AED30.2 billion.
The top 4 foreign investors in Dubai property were Indians, Britons, Pakistanis and Chinese. Indian investors were quite much more active than British property buyers, having poured over AED8.6 billion in Dubai real estate market, significantly exceeding British investments worth over AED3.4 billion, while Pakistanis and the Chinese pumped AED2.3 billion and AED1.7 billion of investments in Dubai’s property sector, respectively.
As for the most sought-after Dubai areas for property investments, Business Bay topped the list of Top-10 areas in terms of the number and value of real estate transactions in Dubai conducted during the first nine months of 2018 with transactions worth AED5.3 billion. Dubai Marina comes at the second place.
In terms of mortgages, Dubai Marina listed 736 transactions worth AED2.2 billion, while Al Thanyah Fifth took the second position with 640 mortgage deals worth AED1.4 billion in total, and Business Bay recorded 590 transactions exceeding AED3.7 billion.
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