Lebanese Nationals become Top Arab Realty Investors in Dubai
19/02/2013
Unexpectedly, in 2012, the Lebanese Nationals have become the Top Arab Realty Investors who bought properties worth of AED984 million and followed by Jordanians that also purchased property units worth of AED947 million in Dubai, which was exclusively based on the statistics issued by Dubai Land Department (DLD).
In general, the Arab Nationals have totally invested in the Emirate’s property market around AED4.88 billion. It was just driven by the recent political turmoil that happened in some Middle East Countries, which became a main reason why most of the affected highly-worth individuals and investors went to Dubai in order to continue their investments, especially in the latter’s Real Estate Industry. In fact, in the first place, Dubai has been considered as a ‘Safe Haven for Investments’. For this reason, those Arab Investors from neighboring countries are confident to invest in the market; for they believed that their investments would never be wasted at all.
Now, those Arab Spring Investors including Egyptians who led with AED816 million worth of investments in the Emirate’s real estate market; and followed by Syrians who also purchased properties worth of AED634 million; AED256 million invested by Yemenis; AED140 million for Algerians; and lastly both the Palestinians and Sudanese invested between AED142 million and AED155 million respectively, have invested a total of AED1.85 billion.
In total, according to Dubai Land Department, the real estate transactions in 2012 has increased by 8 per cent to AED154 billion, compared to AED143 billion in 2011. In addition, overall, the UAE Nationals have become the top investors in that year; while the Indian Nationals led the list of foreign investors.
In general, the Arab Nationals have totally invested in the Emirate’s property market around AED4.88 billion. It was just driven by the recent political turmoil that happened in some Middle East Countries, which became a main reason why most of the affected highly-worth individuals and investors went to Dubai in order to continue their investments, especially in the latter’s Real Estate Industry. In fact, in the first place, Dubai has been considered as a ‘Safe Haven for Investments’. For this reason, those Arab Investors from neighboring countries are confident to invest in the market; for they believed that their investments would never be wasted at all.
Now, those Arab Spring Investors including Egyptians who led with AED816 million worth of investments in the Emirate’s real estate market; and followed by Syrians who also purchased properties worth of AED634 million; AED256 million invested by Yemenis; AED140 million for Algerians; and lastly both the Palestinians and Sudanese invested between AED142 million and AED155 million respectively, have invested a total of AED1.85 billion.
In total, according to Dubai Land Department, the real estate transactions in 2012 has increased by 8 per cent to AED154 billion, compared to AED143 billion in 2011. In addition, overall, the UAE Nationals have become the top investors in that year; while the Indian Nationals led the list of foreign investors.
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