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Top 10 Investors In Dubai’s Real Estate: Pakistan Slips Out Of Top 10 List

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Real Estate

(CTN News) – According to Betterhomes’ latest figures released on Thursday, British, Indian, and Russian nationals were the top investors in Dubai’s real estate market in the first quarter of 2023.

Top 10 Investors in Dubai’s Real Estate

 top 10 list also included investors from Italy, Lebanon, Egypt, Turkey, France, China, and the UAE.

Due to a number of factors, investors from Europe and Russia have recently surpassed Indians in Dubai’s real estate market, including the escalating costs in Europe after the Russian-Ukraine conflict.

Dubai’s effective handling of the pandemic, a stable economy, 100 percent foreign ownership, and the availability of a 10-year Golden Visa.

In the local property market, Indians used to dominate the investors’ chart, but slipped to third place last year and second in the first quarter of 2023.

Pakistan No Longer Among Top 10 Investors

As Pakistan’s currency depreciated massively in the past year, Pakistani investors dropped out of the ten list.

The rupee plunged from 50 against the UAE dirham in April last year to 77.46 in April 2023, according to data.

According to Betterhomes data, Pakistani investors were the sixth largest investors in the emirate’s real estate market in 2022.

In its latest project, Samana Developers said Europeans were the top investors.

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According to Najmeh Jafari, general manager of Samana Developers, most Europeans investing in properties here are from France, Germany, the UK, the Netherlands, Sweden, Switzerland, Austria, Belgium, and Norway.

According to Ayman Youssef, vice-president, Coldwell Banker UAE, the majority of property buyers are from Germany, France, and Switzerland.

The UAE property market has managed to maintain attractive prices with a higher yield/return per unit than most other countries in Europe.

Today, one can get up to 8% returns, which is quite high when compared to European countries

“The Golden Visa, 100 percent ownership rights, better business opportunities, and other factors are encouraging people to invest more in the emirate,” Youssef said.

“Dubai’s real estate sector continues to see strong international demand from around the world, as people seek a safe haven, tax efficiency, and positive investment returns.

In the first quarter, UK buyers accounted for the majority of Betterhomes’ real estate transactions, with growth of 60 percent. “Indian buyers followed closely behind,” it said in its first quarterly report.

Arsi Mughal is a staff writer at CTN News, delivering insightful and engaging content on a wide range of topics. With a knack for clear and concise writing, he crafts articles that resonate with readers. Arsi's pieces are well-researched, informative, and presented in a straightforward manner, making complex subjects accessible to a broad audience. His writing style strikes the perfect balance between professionalism and casual approachability, ensuring an enjoyable reading experience.

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