In the past years, Dubai has slowly grown to be the number one choice for real estate investment. And this is due to a number of reasons. For starters, the properties in Dubai come in much lower price ranges compared to other investment hubs across the world. Second, they also tend to generate a larger profit, and as such, make them good investments. Finally, property investors and businessmen from around the world find the city’s tax-free policy extremely favourable since there are no taxes imposed on capital gain or income.
Majority of the largest commercial, industrial and residential real estate property owners and investors here are of course UAE locals and a number of Arabs from other GCC countries. However, there is one nationality that beats out non-Arab nationals and other countries in terms of property investments in Dubai: Indians.
Non-Arab Property Investors In Dubai
In a study conducted regarding Dubai’s real estate market last year, it was found out that Indians have the biggest investments in this market. In Burj Khalifa alone, one of the most expensive investments here was made by BR Shetty, an industrialist based in the UAE, who paid AED 45 million in 2005 to buy the entire 100th floor of the world’s tallest building.
Below is a breakdown of the top non-Arab investors in Dubai’s real estate market based on India Shining’s report:
India: AED 18.1 billion
Britain: AED 9.3 billion
Pakistan: AED 7.6 billion
Iran: AED 4.5 billion
Canada: AED 3.2 billion
Info source: alnowais.com
Majority of the largest commercial, industrial and residential real estate property owners and investors here are of course UAE locals and a number of Arabs from other GCC countries. However, there is one nationality that beats out non-Arab nationals and other countries in terms of property investments in Dubai: Indians.
Non-Arab Property Investors In Dubai
In a study conducted regarding Dubai’s real estate market last year, it was found out that Indians have the biggest investments in this market. In Burj Khalifa alone, one of the most expensive investments here was made by BR Shetty, an industrialist based in the UAE, who paid AED 45 million in 2005 to buy the entire 100th floor of the world’s tallest building.
Below is a breakdown of the top non-Arab investors in Dubai’s real estate market based on India Shining’s report:
India: AED 18.1 billion
Britain: AED 9.3 billion
Pakistan: AED 7.6 billion
Iran: AED 4.5 billion
Canada: AED 3.2 billion
Info source: alnowais.com
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