1.26bn AED Invested by Pakistanis Alone in Real Estate of Dubai
Dubai’s real estate market is currently thriving as investors from over the world have spent billions in Dubai, United Arab Emirates.
During the first quarter of 2021, Indian citizens invested over 6 billion AED in the Dubai real estate market, according to data from the Dubai Land Department. Indians remained the largest investors.
The residents of China and France invested 1.4 billion AED and 1.3 billion AED, respectively, while the inhabitants of the United Kingdom invested approximately $2.9 billion.
According to official reports, citizens of Russia, Iran, Saudi Arabia, and Canada invested in the first few months of this year.
Al-Burai also noted that investing 1 million AED in real estate is required to receive a resident visa in the UAE, which is significantly less expensive than investing approximately 0.5 million euros in the real estate market to obtain a residency visa in European nations.
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