Dubai - Mubasher: Pakistani investments in Dubai real estate amounted AED30.6 billion in five years until 2016, according to a statement released by International Property Show.
The total value of Pakistanis’ real estate investments in Dubai reached AED8 billion in 2015 with an increase 6.7% year on year, according to Dubai Land Department.
The high rental yields that range between 8% to 10% attract Pakistani investments to Dubai real estate.
Investment in the UAE real estate market secures financial transfers to Pakistan generated from sales’ profits or income of rental properties owned by Pakistanis, according to the statement.
Total Pakistani expatriates' remittances from Dubai to Pakistan in the Financial Year 2015 – 2016 amounted $1.67 billion with a growth by 39.7% of total Pakistani remittance transfers to Dubai.
The dirham peg’s to US dollar encourages Pakistani investments also, which enhances the confidence of the Pakistani investors to invest in the real estate sector.
