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Indians, Brits, Pakistanis top foreign investors in Dubai property in 2018

Indians, Brits, Pakistanis top foreign investors in Dubai property in 2018

Dh62 billion investments made during January to November 2018 period. The Dubai real estate market continued to attract a strong inflow of foreign funds with Indians, British, Pakistanis and Jordanians accounting for nearly one-third of total investments during the first 11 months of 2018. Of the total Dh62 billion investments made during January 2018 to…

‘Soft’ infrastructure needed for Dubai’s next growth phase

‘Soft’ infrastructure needed for Dubai’s next growth phase

New initiatives should make it compelling for the world’s skilled and talented to come Dubai is well-established as the Gulf’s financial and trade hub, with a reported gross domestic product (GDP) of Dh390 billion in 2017. The infrastructure is undisputed, with extensive connectivity, strong economic prospects, a low tax system and safe haven status. The…

UAE’s Emaar sees net profits climb 42% to Dh3.9 billion as investors snap up 6,500 Dubai homes

UAE's Emaar sees net profits climb 42% to Dh3.9 billion as investors snap up 6,500 Dubai homes

Developer highlights strong interest from investors, including those from abroad Dubai: Gulf and overseas buyers continue to snap up properties in Dubai, with the emirate’s major developer reporting that it had sold thousands of residential units in 2018 alone. Emaar Development, the property development business majority-owned by Emaar Properties, posted strong sales of Dh14.2 billion…

UAE property market: Sharjah sees boom in real estate as buyers invest Dh22.5 billion in 2018

UAE property market: Sharjah sees boom in real estate as buyers invest Dh22.5 billion in 2018

Over 54,000 realty transactions registered in 2018 Sharjah’s real estate sector has seen a big boom as the emirate recorded 54,125 transactions valued at Dh22.5 billion in 2018, according to the annual realty transactions report by the Sharjah Real Estate Registration Directorate. The real estate deals sealed last year covered over 52 million square feet,…