Asians dominate property investment in Dubai

Aug. 31, 2012 - PRLog -- Asian investors have dominated the investment scene in Dubai properties sector. After the latest wave of recovery, many Asian investors have taken the front seat in the robust realty market of Dubai and have helped Asians become the top foreign investors in the region. Before the economic meltdown of 2008, mostly European and the North American investors dominated the investment market. But now, the Asian investors have emerged as the top foreign investors in the region, spending big bucks on Dubai real estate properties.
According to reports, Indians have become the biggest buyers of Burj Khalifa property. Most of this investment has been made into the commercial and residential space in Burj during the first six months of 2012. The total investment that came from Indian investments in Burj Khalifa property alone is US$222m. Pakistanis and Iranians are not far behind in this race and are two of the other major investors in the region. Because of a number of sanctions against Iran, Iranians investors cannot invest in many countries. The UAE in general and Dubai real estate in particular offer a safe haven for Iranian investors who also own some big companies of the region.
Some of the other Asian countries whose investors are investing heavily in the UAE include Pakistan, Russia, Jordan and the Middle Eastern countries. Dubai Government, over the course of years, has made efforts to build the trust of investors and lasso their realty market out of the crisis and they have significantly been able to push it back on the path towards recovery.
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