Investors were the second biggest buyers in Dubai real-estate sector among GCC countries in 2014, according to a Dubai Land Department (DLD) report, with a total value of AED22.7 billion.
Organizers of the 11th International Property Show revealed that the Kingdom’s outward FDI in real estate remains buoyant and Saudi investors are gearing up for strong participation in the upcoming show in Dubai.
Josine Heijmans, exhibition director, Strategic Marketing & Exhibitions, said investors from the Kingdom have always been among the top regional buyers in Dubai property and this trend is likely to continue in 2015 as the emirate's market continues to reward investors with healthy returns.
“Due to the higher transfer fees and mortgage caps, the Kingdom’s investors find the Dubai property market well regulated and an ideal location for owners, tenants and landlords. Therefore, it is natural to expect a surge in demand from Saudi investors during 2015.”
“The Saudi response to this year’s International Property Show is very upbeat. We have recorded a significant increase in registrations from Saudi Arabia in terms of investors, trade visitors and end users,” added Heijmans.
Saudi investments in Dubai’s real estate crosses AED22.7 billion
