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Over 19,000 invested in property in Dubai

Emiratis and British nationals top lists of new registered owners

  • Gulf News Report
  • Published: 00:00 October 27, 2009
  • Gulf News

  • Property market analysts said the figures reflect the attractiveness of the emirate's property market to property investors of all nationalities.
  • Image Credit: Gulf News Archive
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Dubai: The number of new property owners registered with the Dubai Land and Property Department reached 19,012 in the first half of this year, a statement said.

Property market analysts said the figures reflect the attractiveness of the emirate's property market to property investors of all nationalities.

UK male buyers topped the list of new property owners with 17 per cent, followed by Emiratis at 17 per cent and Pakistanis by 15 per cent.

Emirati women topped the list of new female buyers at 21 per cent, followed by their British counterparts at 18 per cent and Indians at 13 per cent.

The data showed an increase in the number of investors caused by the attractiveness of the property markets and investment opportunities it provides in Dubai, as well as the increasing role of long-term investors in the property market.

Number of male property owners
UK: 2,178
UAE: 2,069
Pakistan: 1,949
India: 1,689
Iran: 1,081
US: 409
Canada: 285
Ireland: 281
Russia: 259
Iraq: 184
Other: 2,774
 
Number of female property owners
UAE: 1,221
UK: 1,065
India: 761
Pakistan: 561
Iran: 349
US: 181
Russia: 169
Ireland: 140
Canada: 117
Iraq: 80
Other: 1,210

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