Indians invest AED83.65 billion in Dubai property in five years

Dubai / Emirates Business

Indian nationals, who form the largest foreign investor group in Dubai’s real estate, have bought properties worth AED 83.65 billion in the last five years – from 2013 to 2017 – in Dubai’s property sector, according to statistics compiled by Dubai Land Department.
They invested AED15.6 billion in Dubai’s real estate in 2017, AED 12 billion in 2016 and AED 20 billion in 2015 – their highest in a year, according to Dubai Land Department.
His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department said: “Dubai Property Festival is one of our initiatives and the latest platform to promote Dubai real estate, reflecting our mission to make Dubai the best destination for investment, ideal choice for business and living. We are working with all stakeholders in the real estate sector to make the festival a rewarding opportunity for all.”