Indians have topped the list of first-time property buyers in Dubai last year, having bought properties worth 2.1 billion dirhams (Rs 292 crore), Dubai Land Department data has revealed.
The figures, included in FutureBrand's Gulf Real Estate Study, showed that nearly a quarter or 24 per cent of sales by value in the city involved Indian investors.
Indians are among the top property investors among non-Arabs in Dubai following British nationals who top the list
Foreign nationals from 162 countries ended up buying real estate in Dubai in 2013
Indians are at the top spot for international investment, both in terms of the number of investors and the amount of expenditure
Indian prefer to buy expensive properties in Dubai.
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