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Qatar tops pci in Dubai realty

By Staff

Qatar has the highest per capita investment in Dubai real estate in 2013 of Dh6.71 million, according to a report by Dubai Land Department (DLD).

Qatar is 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).

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 (International Property Show) will help in maximising per capita investment from neighboring regions and the world.”

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 US (Dh1.83 million).

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.

“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.”

These figures were released in connection with the IPS, which will be held on April 8-10, 2014. According to the DLD report, international real estate transactions during 2013 exceeded Dh114 billion.