The total value of real estate investments in Dubai by Arab nationals from outside the Gulf Cooperation Council region amounted to AED11 billion in the first 8 months of the current year.
The total number of real estate deals reached 4,990, sealed by Arab nationals from 16 nationalities. Of these, Jordanian nationals took the lead with 928 purchase deals at a value of AED2.3bn.
Lebanese nationals bought 702 properties for AED1.8bn, followed by Egyptians who concluded 809 purchase deals at a value of AED1.6bn and then came Iraqis with 544 properties at a value of AED1.3bn, according to data released by the Dubai Land Department.
Other Arab nationals who bought real estates in Dubai include Yemenis (AED636m), Sudanese (AED314m), Palestinians (AED315m), Algerians (AED273m) and Libyans (AED260m). Investors from other Arab nationalities bought property worth AED1.5bn.
According to the figures published by Al Bayan, the total value of real estate purchases by Gulf Cooperation Council nationals amounted to AED11.3bn in the same period, with Saudis accounting for more than half of this figure at AED6.1bn.