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GCC countries top the per capita investment in Dubai realty in 2013

Dubai: Gulf Cooperation Council countries occupied the top positions in per capita investment in Dubai realty in 2013, according to Dubai Land Department (DLD) report.

Qatar topped the list with a per capita investment of Dh6.71 million, followed by Oman (Dh5.77 million), the UAE (Dh4.56 million), Saudi Arabia (Dh3.71 million), Germany (Dh2.37 million), India (Dh2.22 million) and Britain (Dh2.11 million). According to the same report, international real estate transactions during 2013 exceeded Dh114 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 DLD.

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 specialised events like IPS will help in maximising per capita investment from neighbouring regions and the world.”

Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organisers 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.”

Other foreign countries which figured in high per capita real-estate transactions include France (Dh2.054 million), Russia (Dh2.051 million), Canada (Dh1.98 million) and USA (Dh1.83 million).