Dubai: Investor-led transactions in Dubai totalled Dh109 billion last year, featuring 41,715 buyers, compared with 2013’s tally of Dh114 billion.
UAE nationals led in investments by GCC investors in Dubai realty, accounting for Dh22.77 billion from 4,452 transactions. Those from Saudi Arabia were placed second, participating in 1,745 deals and valued at Dh5.2 billion.
The value of non-Arab investments for 2014 amounted to more than Dh64 billion through 29,098 transactions. Among foreign nationals, Indians again represented the single largest demographic among investors, with the size of their commitments totalling Dh18 billion from 7,353 transactions. Investors from Pakistan came in second — 5,079 transactions for Dh7.58 billion — followed by British investors at Dh9.31 billion. Iranians and Canadian buyers channelled Dh4.5 billion and Dh3.15 billion respectively.
“The Dubai real estate market proves many facts — topping it is (the fact) that Dubai is the ideal investment location in the Middle East and also competing with [the] top investment cities in Asia and Europe,” said Sultan Butti Bin Merjen, Director-General of Dubai Land Department, which released the data.