DUBAI’S REAL ESTATE MARKET CONTINUES TO BOOM

Qatar had the highest per capita investment in Dubai’s real estate sector in 2013
($1.83), followed by Oman ($1.5m), the UAE ($1.25m), KSA ($1.01m), Germany ($650000), India ($604000) and Britain ($575000). Ahead of the IPS conference to be held in Dubai (8-10 April) HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department said: “The figures once again reinforce Dubai’s status as a top-notch real estate investment hub in the Gulf and beyond. I foresee even stronger regional demand in 2014.” Other foreign countries that figured in high per capita real-estate transactions include France ($560000), Russia ($559000), Canada ($540000) and USA ($499000).

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