According to a survey conducted by real estate consultancy Cluttons, Indians have topped the list of Dubai's most active real estate buyers. The close proximity of the two locations combined with the large Indian population in the region are the main drivers of this.
"Unsurprisingly, Indian nationals topped the list of the city's most active buyers, with Dubai often viewed in the same league as London by this group," Faisal Durrani, Associate residential and international research at Cluttons, said. "And now we're seeing the demand base broadening from individuals to institutional players. Britons and Pakistani nationals rounded off the top three nationalities that purchased property in Dubai last year," Durrani said.
The survey was conducted in nine locations across the Middle East and Asia-Pacific region. London ranked as the top investment destination while Dubai came in a close second up from seventh place last year.
This renewed demand from local as well as international buyers for Dubai property assets shows growing confidence in the improving Dubai real estate market.
"Unsurprisingly, Indian nationals topped the list of the city's most active buyers, with Dubai often viewed in the same league as London by this group," Faisal Durrani, Associate residential and international research at Cluttons, said. "And now we're seeing the demand base broadening from individuals to institutional players. Britons and Pakistani nationals rounded off the top three nationalities that purchased property in Dubai last year," Durrani said.
The survey was conducted in nine locations across the Middle East and Asia-Pacific region. London ranked as the top investment destination while Dubai came in a close second up from seventh place last year.
This renewed demand from local as well as international buyers for Dubai property assets shows growing confidence in the improving Dubai real estate market.
