Emiratis invested AED 12.5 billion in first of half of 2014 in Dubai real estate market according to Dubai Land Department data. Investors from UAE made 2,513 transactions with total spending of AED 12.568 billion in first half of 2014.
Investment from other GCC states including Kuwait, Saudi Arabia, Qatar, and Oman remained at AED 6.5 billion in the same period. Saudi Arabia is the second biggest investor after Emirati’s with AED 3.37 billion investment. Qatar is at third place with AED 1.46 billion investment in first six months of 2014. Kuwait is at fourth position with AED 839 million worth of transactions and Oman is at fifth place with AED 247 million worth of transactions.
The increase in investment from GCC nationals show trust in Dubai property market. These transactions exclude investment from other nationalities. We can expect more investment as new projects are coming up.
The most recent luxury project is The Heart of Europe on the Worlds Islands by Kleindienst Group. It includes development of luxury villas, hotels and malls on the islands. You can Contact Bluechip Real Estate for The Heart of Europe project.
Dubai property market has seen a steady growth following some great announcements and all projects will be completed before Expo 2020.
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