Dubai Land Department: British among top investors in Dubai real estate
Official data from the Dubai Land Department revealed that 11,280 investors from 10 nationalities pumped AED21.8bn into 12,890 property purchases in various regions of Dubai from the beginning of the year until the end of May 2021.
According to the data, Emiratis are the leading investors from the Arab and Gulf Cooperation Council countries in buying real estate in Dubai since
the beginning of 2021 with 2,688 investments made by 2,298 investors, at AED4.83bn, followed by 370 Saudi investors with AED447mn invested in 447 investments.
Indian citizens topped the list of foreign nationalities with 4,322 investments valued at AED6.07bn by 3,831 investors. The British followed with 1223 investments made by 1144 investors, at a value of AED2.99bn, followed by France with AED1.3bn from 867 investors in 934 investments.
Russians recorded 582 investments by 520 investors, amounting to AED1.18bn, followed by Iranians with 525 investments by 475 investors at AED1.0bn, and Canadians with 492 investments by 434 investors worth AED1.04bn.
Investments in Dubai’s real estate market reached AED36bn ($9.8 billion) in the first five months of 2021, a 44% increase compared to the same period last year.
The latest bulletin issued by Dubai Land Department (DLD) showed 6,021 real estate transactions worth AED21.8bn were recorded in May, a massive rise of 197% compared to May 2020, which had a 35% increase compared to May 2019.