Egyptians Pump EGP 13bn in Dubai’s Real Estate Sector

Sunday, 15th January 2017

A report from Dubai’s Land Department states that Egyptians were top investors in Dubai’s real estate during 2016, with around 1,364 Egyptian investors spending a total of EGP 13 bn in real estate purchases, Al Masry Al Youm notes.

AED 103 bn were a result of purchase processes and AED 128 bn were placed as real estate mortgage, according to the report.

The total number of investors in Dubai’s real estate sector during 2016 amount to 42,000 investors including 12,768 gulf investors, 77,000 Emirati investors, 3,294 Saudi investors, 770 Kuwaiti and Qatari investors, 301 Omani investors, and 244 Bahraini investors.

Jordanian investors came second on the list of top real estate buyers in Dubai to reach a total of 1,331 investors, pumping AED 2.5 bn.

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