Dubai-Agencies
The real estate sector continued to achieve great successes at the local and regional levels, as Qataris achieved the highest average value of per capita investments in the real estate sector in Dubai during 2013, which amounted to AED 6.71 million, followed by Oman with AED 5.77 million per capita and then the UAE with AED 4.56 million per capita investment in the real estate sector in the emirate. It was followed by Saudi Arabia with AED 3.71 million, Germany with AED 2.37 million, India with AED 2.22 million and Britain with AED 2.11 million.
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Real estate sector
These statistics were announced in conjunction with the International Property Show, which is taking place from April 8-10, 2014, and is supported by the Dubai Land Department (DLD). According to the same report issued by the DLD, the value of transactions in Dubai's real estate sector in 2013 exceeded AED 114 billion.
Organizers of the 10th edition of the International Property Show, which coincides with the fourth edition of the Annual Investment Forum at the Dubai International Convention and Exhibition Centre, said that the four highest individual investment values in Dubai's real estate sector came from Gulf investors in 2013, confirming that Gulf investors are the drivers of real estate activity in the emirate. This is due to several catalysts such as new legal legislation that is more mature, facilitated and flexible, geographical proximity and growing confidence in the profitability of the sector and its high returns on investment.
Sultan Butti bin Mejren, Director General of DLD, said: «These statistics once again confirm that Dubai is the hub of real estate investment in the Gulf region and beyond. We expect an increase in these investments in 2014, and specialized exhibitions such as the International Property Show will play a role in enhancing the value of individual investments from the region and the world in the emirate's real estate sector.»
Individual investment values
The report pointed out some of the per capita investment values from countries such as France at AED 2.054 million, Russia at AED 2.051 million, Canada at AED 1.98 million and the United States at AED 1.83 million.
Dawood Al Shizawi, CEO of Strategic Exhibitions and Conferences Organizing Company, the organizer of the exhibition, said: «Foreign investment is driving the UAE's economy and real estate-related sectors. This is supported by the maturity of the market and the transparent legislation and decrees that increase the appetite of investors to invest in the real estate industry,» said Dawood Al Shizawi, CEO of Strategic Exhibitions and Conferences, the organizer of the exhibition. Our main focus for this year's edition is to increase the number of exhibitors and investors.«
Investors, developers and financiers
Al Shizawi added: »The role of laws in achieving transparency and confidence in the market and facilitating sustainable investment in emerging markets will also be highlighted in cooperation with the knowledge partner of the International Real Estate Show, Rex International.«
Al Shizawi added: «We invite investors, developers, financiers, architects and consultants in the real estate and construction sector to visit the International Property Show and keep abreast of the latest market trends as well as meet decision makers specialized in the real estate industry.»
