Dubai real estate market attracts investors from more than 200 nationalities and the list revealed by Dubai Land Department confirms of a global confidence in this market that has witnessed exceptional growth over the years. Dubai real estate brokers have welcomed the new list that reveals the keen interest of Emiratis for local investments and the continued zest of Indians and Pakistanis for choosing Dubai as their investment destination for both ready and off plan properties. The number of transactions has ranked Saudis and British in the top 5 nationalities that summed up a total investment of AED151 billion in the last 18 months. While these are the top contributors, citizens from other Arab Countries have shown an increase in investments in Dubai property.
The list ranked China among the top ten which is a positive sign of growing interests from a country that will soon have 1.87 M High Net Worth Individuals and these investors are becoming more open minded with their investments and are exploring for opportunities in real estate in Dubai, Malaysia, Thailand and Vietnam. There has been a major surge in Chinese investments in the past few years resulting from friendly ties between the two countries and a greater influx of Chinese people looking for new business opportunities.
This list has been released at a time when the market is gearing up for a new phase of growth from the Expo 2020 and brings positivity among investors and end -users who believe in Dubai’s futuristic vision. Dubai real estate has been in the news globally for innovative homes and bold projects that have never been thought or done. From touching the sky to going under deep under the sea, Dubai has it all and in style. The floating and underwater villas are going to be a reality soon and all these projects are running as per schedule. A number of residential and commercial projects have been completed and released this year and the market is expected to absorb the new inventory as new jobs are created from the infrastructure projects for EXPO 2020.