Saudi investors in Dubai’s property market topped other Gulf investors, except those from the UAE, according to a recent report issued by the Dubai Land Department (DLD).
The size of Saudi investments in Dubai’s property market amounted to more than $1.36 billion in land and building purchases through the first nine months of this year, reports alarabiya.net.
The DLD’s report says that the UAE investors maintained their position at the forefront and that they have invested nearly $4.35bn, followed by Qataris in third place, then Kuwaitis, Omanis and citizens of the Kingdom of Bahrain.
The report indicates that the total value of Gulf investments in Dubai real estate amounted to $6.5bn during the first nine months of 2015.
On the Arab level, the report confirms that the total amount of investments in Dubai’s real estate reached $2.45bn from 17 Arab nationalities and 4,159 buyers.
($1 = AED3.67, at the time of publishing)