JVC, Dubai Marina most preferred by foreign home buyers

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JVC, Dubai Marina most preferred by foreign home buyers

The top nationalities that search the platform for property for sale from investors based in the UAE in August were UAE nationals, Lebanese and Chinese.

dubai - Indians, Saudis and Brits are most active foreign investors in Dubai realty

By Staff Report

Published: Mon 16 Oct 2017, 1:19 PM

Last updated: Mon 16 Oct 2017, 3:45 PM

The most searched areas by overseas property buyers in August 2017 were Jumeirah Village Circle, Dubai Marina, the Palm Jumeirah, Abu Hail and Downtown Dubai, according to a recent report by dubizzle Property.
"While recent local trends suggest that the interest of mid-market homes and newer areas are taking the spotlight away from the more mature areas, interest from foreign investors is more varied. There seems to be a healthy interest in the Dubai property market with the popularity of areas being distributed among more mature areas and newer, up-and-coming communities," said Barry Judge, general manager of dubizzle.
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In August, Indians topped the list of potential buyers, representing 19 per cent of the searches for property for sale, followed by Saudis (16 per cent), Brits (15 per cent), Americans (13 per cent) and Pakistanis (10 per cent).
Users based in Ireland, Egypt and Jordan also showed interest in the UAE property market with around eight per cent, six per cent and three per cent of the visits respectively. Kuwait users registered around 2.4 per cent of the total foreign visits for property for sale on dubizzle, followed by two per cent of the visits from Germany.
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The top nationalities that search the platform for property for sale from investors based in the UAE in August were UAE nationals, Lebanese and Chinese.
This is in line with the top 10 nationalities investing in property in Dubai over the past 18 months with a total transaction value worth Dh151 billion, which are India, Pakistan, Saudi Arabia, UK, Egypt, Jordan, China, Lebanon and USA as recently revealed by the Dubai Land Department.
- business@khaleejtimes.com