Dubai Real Estate Retains Its Charm for Global Investors

Global investors flock to invest in Dubai real estate market as it offers good infrastructure, tax-free status, new visa options and 100% foreign ownership possibilities. Latest data indicated that Israeli investors foray into the market this year and may join top-10 club with significant investments while subcontinent businessmen will continue to pour money into Dubai real estate to hold top positions in the ranking, according to Zoom Property Insights. The real estate portal said troupe of foreign investors was led by the subcontinent as Indians and Pakistanis, who make up for 20 to 30% of total investors in the Dubai real estate sector, continued to pour money in growing market of the region. Analysts and real estate experts said visa reforms, successful pandemic management, and vaccination drive are among the top reasons that supported the return of foreign investors in 2021. Statistics obtained from DLD reports show that India, Pakistan, the UK, Saudi Arabia, and China are among the top countries that invest in the Dubai property market. During 2020, when the Covid-19 was at its peak, the Dubai property market still showed resilience and attracted foreign investment. Indian investors topped the charts, while Chinese, British, Pakistani and French investors also occupied leading spots. Among GCC countries, Saudi Arabia, Kuwait, Oman and Bahrain remained at the forefront.