Properties in Dubai continue to gain growing interest from buyers, both locally and abroad. In August alone, some Dh2.7 billion worth of homes were snapped up in Dubai, with nearly half of them (40 per cent) located in Dubai Marina and Downtown Dubai.
Residents from overseas markets, particularly from India, Saudi Arabia, United Kingdom, United States and Pakistan are currently the top potential buyers of properties in Dubai. These likely investors are either on the lookout for units in more mature areas or in recently launched, up-and-coming communities.
While UAE nationals emerged as the biggest spenders, with Dh37.4 billion worth of investments, Indian and Pakistani nationals spent more than Dh27 billion in Dubai real estate, while those from Saudi Arabia snapped up properties worth Dh12 billion. Buyers from Jordan and Egypt also spent at least Dh4 billion.
Source Credit: Gulf News
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