Investors from across the globe pumped Dh109 billion ($30 billion) into the real estate market in Dubai, UAE in 2014, slightly down from Dh114 billion ($31 billion) the previous year, said a report.
The investor-led transactions were spearheaded by UAE nationals who accounted for Dh22.77 billion ($6.19 billion) from 4,452 transactions followed by Saudi Arabia which came second with 1,745 deals valued at Dh5.2 billion ($1.41 billion), reported the Gulf News.
The total global investment in Dubai’s property sector featured 41,715 buyers, it stated.
The value of non-Arab investments for 2014 surged to more than Dh64 billion ($17.4 billion) through 29,098 transactions, according to the report.
Among foreign nationals, Indians once again topped the list with the size of their commitments totalling Dh18 billion ($4.9 billion) from 7,353 transactions followed by Pakistanis with Dh7.58 billion ($2.06 billion) investments and British investors with Dh9.31 billion ($2.53 billion), it added.