Indians top foreign property investors |
Indians bought property worth Rs 42,000 crore in Dubai from January 2016 to June 2017, making them yet again the top foreign property investors in the Emirates. This is an increase of Rs 12,000 crore from 2014, when the department recorded Indian buyers investing Rs 30,000 crore that year. This was more than a quarter of total sales of Rs 1 lakh crore of non-Arab property investments in 2014. For years, Indians have consistently been the most prolific non-GCC buyers of Dubai real estate. From January 2016 to June 2017, they bought property worth more than Rs 42,000 crore in the emirate.
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