Dubai-Mubasher: The growing foreign investments in Dubai property will lead to more stability in the real estate market, Hafeez Abdullah, Chairman of The H Holding Enterprise, said Tuesday.
OMEGA Properties, the H Holding Enterprise’s real-estate arm, recorded stable operations during summer, which is usually relatively slow.
Asian expatriates are still figuring high on Dubai's real estate sector, which reflects strong confidence in the local market.
A recent report by the Dubai Land Department (DLD) revealed that the Dubai real estate sector attracted a variety of investors from 142 countries, doing around 20,000 transactions in the first half of 2015.
When it comes to other property transactions made by expatriates, Indians, Britons and Pakistanis are the top three expatriate property investors in Dubai.
Around 13,166 expatriate investors from India, Pakistan, UK, USA, Canada, Russia, China and France, did transactions in the Emirate's reality market in just six months of 2015, added DLD report.
Abdullah noted that inflow of investments in Dubai never stopped since the sector’s initial growth in 2002.
