Register
His Highness Sheikh Mohammed bin Rashid Al Maktoum at IPS 2013 (photo: International Property Show (IPS))
His Highness Sheikh Mohammed bin Rashid Al Maktoum at IPS 2013
04.03.2014, 05:58

Dubai emerging as a regional property investment hub

Market News

2013 figures reveal nationals of Qatar are biggest investors in Dubai's property market with AED 6.71 billion of investments, followed by nationals of Oman, the UAE, Saudi Arabia, Germany, India and the United Kingdom.

 

Qataris accounted for the highest per capita investment in Dubai's real estate market in 2013 (AED 6.71 billion), followed by nationals of Oman (AED 5.77 billion), the UAE (AED 4.56 billion), KSA (AED 3.71 billion), Germany (AED 2.37 billion), India (AED 2.22 billion) and Britain (AED 2.11 billion).

 

These figures were released in connection with the International Property Show (IPS), which will be held from 8 – 10 April 2014, supported by the Dubai Land Department (DLD). According to the same DLD report, international real estate transactions during 2013 exceeded AED 114 billion.

 

The organizers of the 10th IPS, which will coincide with the 4th Annual Investment Meeting (AIM) at the Dubai International Convention and Exhibition Centre, said the fact that nationals of 4 GCC countries occupied the four highest slots in Dubai's 2013 investment league table, shows that Gulf investors remain a key driver in the Emirate’s property sector - encouraged by new, investor-friendly legislation, proximity and a rising confidence in a lucrative return on their investments.

 


HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department
HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department
HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department said: “The figures once again reinforce Dubai’s status as a top-notch real estate investment hub in the Gulf and beyond. I foresee even stronger regional demand in 2014 and this is where specialized events like IPS will help in maximizing per capita investment from neighboring regions and the world.”

 

Other foreign countries which figured in high per capita real-estate transactions include France (AED 2.054 billion), Russia (AED 2.051 billion), Canada (AED 1.98 billion) and USA (AED1.83 billion).

 


Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organizers of IPS, said: “Overseas investments were key contributors to the turnaround of the UAE economy, driven by a maturing market, transparent legislations and regulations and a growing appetite for property investment. Our major focus in this year’s show is to expand the number of exhibitors and investors.”

 

Dawood Al Shezawi
Dawood Al Shezawi
“We will also be highlighting the role of regulation in driving transparency, market confidence and facilitating sustainable investment in emerging markets in conjunction with the IPS’ Official Knowledge Partner; RICS International,” added Al Shezawi.

 

“We invite investors, developers, financiers, architects and consultants in property investment, development and construction to visit IPS and keep abreast of the latest market trends as well as meet with decision makers from the real-estate industry,” concluded Al Shezawi.

Article rating:

vote data

Escalator at Tower Gateway DLR station in London. (photo: Chris McKenna)
News Editor  - 23.03.2021

Lift and Escalator Maintenance at London DLR Stations

PropTech provider WeMaintain has signed a four-year contract with KeolisAmey Docklands (KAD) for the provision of lift and escalator maintenance solutions to all London Docklands Light Railway...

Members of the express testing team. (photo: ABM Industries Inc)
News Editor  - 23.03.2021

Partnership to Support UK Covid-19 Express Testing

ABM has partnered with Cignpost Diagnostics to provide 250 trained team members to service the manpower needs at COVID-19 testing sites at Heathrow, Gatwick and Edinburgh airports.

Holding a mirror up to the industry: Jeff Dewing, Cloudfm CEO. (photo: Cloudfm Group)
News Editor  - 31.03.2021

Exposing Widespread FM Failures in the UK

A potentially explosive book by Cloudfm CEO, Jeff Dewing, contains allegations of widespread corporate failings in the UK's £120 billion market for facilities management services.

Mike Winter, managing director of MIW Water Coolers. (photo: Made Blue)
News Editor  - 22.03.2021

Saving Plastic and Lives

On World Water Day, Dutch charity Made Blue and MIW have launched a water fountain offering UK consumers the option to donate 75p via a QR code to clean water projects in developing countries.