Dubai property market sees renewed interest from overseas investors

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.