Qatar is top investor in Dubai real estate
The highest four per capita investments come from GCC countries
Qatar was revealed as the highest per capital investment in Dubai real estate in 2013 at $1.8mn (AED 6.71mn), followed by Oman ($1.6mn), the UAE ($1.2mn), KSA ($1.01), Germany ($645,000), India ($599,000) and Britain ($574,000), according to figures released by the Dubai Land Department (DLD).
The figures were revealed as part of the International Property Show (IPS), as its organisers expressed that “the fact that the highest four per capita investment in Dubai’s realty come from GCC countries shows that the Gulf investors remain a key driver in the Emirate’s property sector, encouraged by new investor-friendly legislations, proximity and a rising confidence in a lucrative return on their investments.”
Other foreign countries that made it high on the list include France, Russia, Canada and USA.
HE Sultan Butti Bin Mejren, director general of the Dubai Land Department said: "The figures once again reinforce Dubai's status as a top-notch real estate investment hub in the Gulf and beyond.”
THE IPS will be held from 8-10 April 2014, supported by the DLD.