Indians lead $6bn foreign investment into Dubai
Investors from India bought a total of 2,153 properties worth $1.02bn in H1 2012
Dubai Land Department (DLD) has said foreign investors of various nationalities have spent more than $6bn during the first six months of this year to buy 12,875 properties in the emirate including buildings, lands, apartments and residential villas.
Indians continued to be the biggest foreign investors in freehold projects in Dubai, claiming the first spot since foreign ownership regulations were applied.
Investors from India bought a total of 2,153 properties valued at $1.02bn, followed by Pakistanis with a total of 1,814 properties at $466.4m, according to the data.
British investors were ranked third in terms of the number of purchased units with a total of 1,564 properties worth $688.5m, while Russian and Iranian investors competed for the fourth and fifth positions, with Iranians buying 1,057 properties worth $412.5m, while Russians bought 694 properties at a total value of $391.5m.
Investors from Saudi Arabia came sixth in terms of property ownership in Dubai, as they bought 416 units in the first half of the year, worth $288.3m, followed by American investors with 415 properties valued at $189m.
Canadians came eighth as they bought 329 properties worth $205.3m, while Jordanians purchased 268 properties worth $125.2m.
Investors from other nationalities bought a total of 4,165 properties valued at $2.24bn, the DLD report said.
