Hafeez Abdullah, chairman of The H Holding Enterprise, said that the increased investments in the real estate sector will lead to more stability in the market.
Dubai Land Department (DLD)’s report showed that the emirate’s real estate sector attracted investors from 142 countries and contributed nearly 20,000 deals in the first half of 2015, reports UAE-based Alkhaleej.
Omega Real Estate, a subsidiary of The H Holding Enterprise, registered stable operations during the summer, which are usually low.
The company said, “Asian expatriates still acquire of the Dubai real estate market’s deals, which reflects the great confidence in the domestic sector.”
With regard to the real estate deals conducted by foreigners in Dubai, investors from India, the UK and Pakistan lead the way.
“Foreign investors from these countries are aware of the high return on investment in Dubai’s real estate market and there are many other nationalities with strong investments in the sector to appear,” adds the report
Approximately 13,166 foreign investors from India, Pakistan, the United Kingdom, the United States, Canada, Russia, China and France conducted real estate deals in the emirate during the first six months of 2015, according to DLD’s report.