Rising foreign investment in Dubai realty to ensure stability in real estate market: H Holding Enterprise

12/1/2015 9:12:01 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 1st December 2015 (WAM) --- The growing number of foreign investors in Dubai property will lead to more stability in the real estate market according to Hafeez Abdullah Chairman of 'The H Holding Enterprise' one of the renowned investment groups in the emirate.

A recent Dubai Land Department (DLD) report revealed that Dubai real estate sector attracted a variety of investors from 142 countries doing around 20000 transactions in the first half of 2015.

OMEGA Properties the real-estate arm of 'The H Holding Enterprise' recorded stable operations during summer which is usually relatively slow. The company said that Asian expatriates are still figuring high on Dubai's real estate market which reflects strong confidence in the local market.

When it comes to other property transactions made by expatriates Indians Britons and Pakistanis are the top three expatriate property investors in Dubai. "This has been the case for the past few years. These nationalities have figured out the high ROI of Dubai real-estate however there are others who have started to surface recently" Abdullah said.

Around 13166 expatriate investors from India Pakistan UK USA Canada Russia China and France did transactions in the emirate's realty market in just six months of 2015 said H Holding Enterprise citing a DLD report.

"Dubai has succeeded in attracting expatriate investments from the surrounding GCC markets. These figures are massive and clearly reflect the growing interest in Dubai's real estate. The real-estate sector holds huge potential for start-up businesses and we anticipate more accelerated growth in the coming period" concluded Abdullah.

WAM/MMYS

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