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21-Jan-2016

Investments in Dubai property market grow 24% Y-o-Y in 2015

The Dubai Land Department (DLD) has announced that the investments in Dubai property market was AED135 billion in 2015, up 24% Y-o-Y. The number of investors grew by 33% to reach 55,298. Investments by GCC nationals reached AED44 billion (AED32 billion in 2014), of which AED26.1 billion (AED22.8 billion in 2014) were undertaken by UAE nationals. Investments by Saudis came in at AED9 billion (2014: AED5.2 billion). Investments by non-Gulf Arabs reached AED16 billion, while the investments from foreign, non-Arab nationalities totaled AED74 billion (2014: AED64 billion). Investments by Indian investors topped the list with AED20 billion (2014: AED18 billion), whilst British investors spent AED10 billion (2014: AED9.4 billion) and Pakistanis AED8 billion (2014: AED7.6 billion). Iranians came next with AED4.6 billion, followed by the Chinese at AED2.6 billion. (The National)

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