Dubai property market sees renewed interest from overseas investors

Dubai property market sees renewed interest from overseas investors

Todays other news
The 90,000 square foot plot sits at the tip of...
Airbnb says hotels, not short lets, are the problem...
The property includes two shops and four flats, and has...
The five-storey Albany House building was constructed in the 1980s...
After the summer holiday, attention will inevitably turn to the...


Online interest in Dubai’s real estate market from overseas investors increased in the first half of the year, according to Dubai property portal Propertytrader.ae.

The website reports that growth in the volume of overseas investors enquiring about buying property in Dubai has been led by investors from Pakistan, although when it comes to major foreign investors in the emirate, Brits, Russians and Indians continue to lead the way.

However, as the region gears up for the 15th edition of the Middle East property showcase, Cityscape Global, which will take place on September 6-8 at Dubai World Trade Centre, the portal has revealed that online interest Britons is waning following the outcome of the recent EU referendum.

“It has been an eventful first half of the year with Brexit and other economic factors shaping international property trends,” said Umer Ali, Sales and Marketing Director, Propertytrader.ae.

He continued: “So it is interesting to see this gradual, but definite rise in interest over just a few months from one country – Pakistan.

“There is clearly great interest there in the upcoming Cityscape Global and the opportunities it will inevitably highlight. August’s spike in searches is no coincidence.”

Ali stated that Pakistan accounted for 10% of all searches on the site in August – rising from 3% in January.

Tags:

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
If conditions are met, it’s possible to buy a probate...
Picturehouse has now won a judgment against the landlord London...
Recommended for you
Latest Features
The 90,000 square foot plot sits at the tip of...
Airbnb says hotels, not short lets, are the problem...
The property includes two shops and four flats, and has...
Sponsored Content
We buy any type of property – no matter the...
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here