During the year 2009, Indian investors ended up lapping the largest chunk real estate sales in Dubai. This was discovered in a new study conducted by FutureBrand’s Gulf Real Estate Study.
The figures showed about a quarter or 24% sales by value in the city were done by Indian investors. The data was provided by DUBAIFocus in conjunction with Dubai Land Department. The data also showed that UK property buyers had a share of 21% and came 2nd.
Pakistani and Iranian investors were placed 3rd and 4th respectively with their contribution of 12% and 10% respectively.
The reason why Dubai was chosen was that the buyers were looking out for top quality construction and about 19% of the respondents gave this their topmost preference. Novelty (15.6 %), constructing excellent living places (6.8%) and smooth cooperation with the builders (6.7%) were other essential factors that the buyers looked at, as per the study.
But the requirement of completing the project on time received a mere 0.2% rating from respondents.
The research firm Proleads had said in November that about 1,845 projects with the total value of $657 billion were still being developed in the UAE despite the effect of the economic slowdown.
The study about the civil construction industry in UAE revealed 69% of the total projects were still on.
Get the best deals on loan offers
Some useful personal finance calculators
Also Read: