DLD : Saudi investors capture 53% of Dubai real estate investments
Dubai Land Department (DLD) has reported that Saudi investors have captured 53% of Dubai real estate investments in the first half of the current year at SR3.44bn (Dhs3.37bn). According to the DLD half-year report on property transactions in Dubai, investments of the GCC (Gulf Cooperation Council) citizens (with the exception of the UAE citizens) in the city touched nearly Dhs6.5bon (SR6.53bn) during the first half of the current year. Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than Dhs12.5bn (SR12.76bn), the DLD report said. Based on the above figures, total investments of the UAE and other GCC citizens in Dubai property market reached nearly Dhs19bn in the first half of the current year, the report said.