Indians biggest expat real estate investors

Indians top the list of expat real estate buyers in Dubai, having purchased properties worth Dh9.3 billion, 19 per cent to the total investment, in the first eight months of 2010, according to Reidin.com.

Total property investment during the period stands at Dh48.9bn.  Britons comes in second with property purchases worth Dh5.6bn, 11.5 per cent of the total investment. Iranians and Canadians follow in with purchases of Dh4.4bn and Dh1.35bn, respectively.

Emiratis lead the overall list with investments of Dh10.2bn, which is 20.8 per cent of the total investment. Pakistanis have invested Dh3.2bn, followed by Saudi at Dh964 million.

Egyptians and Chinese have bought properties worth Dh530m and Dh588m, respectively.

Lebanese have invested about Dh660m, while French purchases have touched Dh550m.

Reidin.com's exclusive partner and primary data source for the information service in the emerging markets is Real Estate Regulatory Agency and Dubai Land Department.

Last month, Mohammed Sultan Thani, Assistant Director-General of Land Department told this website that about 30,615 sale transactions have been registered with the department until end of August.

The total number of sales transactions registered in 2009 was nearly 43,000, while 2008 saw only 31,613 transactions.

The department has been registering 30 to 35 transactions every day with the maximum transaction being recorded in affordable communities such as Discovery Gardens and International City.

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