The Government of Dubai Land Departments (LD) said that total investments in Dubai Property sectors by GCC, Arab and Foreign investors had reached AED 58.6 billion in 2012.
Sultan Butti Bin Mejrin, Director General of the Land Department said that Dubai property sector is attracting ever growing number of GCC, Arab and Foreign investors. Total number of investors during the last year reached 18,635. According to Bin Mejrin, GCC nationals played a vital role in the sector by investing a total of AED 17.7 billion in the past year in plots, apartments and villas transactions.
He added that the LD is focusing on achieving property revival and attracting new investments. He noted that foreign investor confidence in Dubai property sector is unlimited. Total of 13,573 foreign investors pumped AED 36 billion in Dubai property sector. Indians take the lead with AED 9 billion worth of investments, while British came second with AED 5 billion. Pakistanis invested AED 4 billion in 2012, Russians spent AED 2 billion while other nationalities' investments accounted for AED 16 billion in the sector last year.
Read more: http://www.gulfbase.com/news/investors-put-in-aed-58-billion-in-dubai-property-in-2012/228877
Sultan Butti Bin Mejrin, Director General of the Land Department said that Dubai property sector is attracting ever growing number of GCC, Arab and Foreign investors. Total number of investors during the last year reached 18,635. According to Bin Mejrin, GCC nationals played a vital role in the sector by investing a total of AED 17.7 billion in the past year in plots, apartments and villas transactions.
He added that the LD is focusing on achieving property revival and attracting new investments. He noted that foreign investor confidence in Dubai property sector is unlimited. Total of 13,573 foreign investors pumped AED 36 billion in Dubai property sector. Indians take the lead with AED 9 billion worth of investments, while British came second with AED 5 billion. Pakistanis invested AED 4 billion in 2012, Russians spent AED 2 billion while other nationalities' investments accounted for AED 16 billion in the sector last year.
Read more: http://www.gulfbase.com/news/investors-put-in-aed-58-billion-in-dubai-property-in-2012/228877
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