Qatar ranks 1st in per capita investment in Dubai realty

Qatar has the highest per capita investment in Dubai realty in 2013 (Dh6.71 million), followed by Oman (Dh5.77 million), the UAE (Dh4.56 million), Saudi Arabia (Dh3.71 million), Germany (Dh2.37 million), India (Dh2.22 million) and Britain (Dh2.11 million).

These figures were released in connection with the International Property Show, or IPS, which will be held from April 8 to 10, and supported by the Dubai Land Department, or DLD. According to the same DLD report, international real estate transactions during 2013 exceeded Dh114 billion. The organisers of the 10^th IPS, which will coincide with the 4^th Annual Investment Meeting at the Dubai International Convention and Exhibition Centre, said that the fact that the highest four per capita investment in Dubai’s realty come from GCC countries shows that the Gulf investors remain a key driver in the emirate’s property sector, encouraged by new investor-friendly legislations, proximity and a rising confidence in a lucrative return on their investments.

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Sultan Butti bin Mejren, director-general of the Dubai Land Department, said: “The figures once again reinforce Dubai’s status as a top-notch real estate investment hub... I foresee even stronger regional demand in 2014 and this is where specialised events like IPS will help in maximising per capita investment.”

Other countries which figured high include France (Dh2.054 million), Russia (Dh2.051 million), Canada (Dh1.98 million) and the US (Dh1.83 million).