Indian foreign investors top UAE realty market

Indians have emerged the top foreign property investors in Dubai, spending over $3.2 billion last year alone, according to the Dubai Land Department.

The total real estate investments last year reached Dh91 billion ($2.4bn) from 55,928 investors and Indians were ranked highest in terms of both volume and value among foreign investors with Dh12 billion ($3.2 bn) worth of transactions from 6,263 buyers.

In an effort to attract more investments from Indians, the 13th edition of the International Property Show will be held from April 2-4 this year.

"The UAE's safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai. In addition, many Indians find Dubai as their base for business between India and the wider Europe and Middle East," said Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organizers of the International Property Show.