Indians biggest buyers of Dubai real estate in 2014: Report

Dubai: Indians were the largest INVESTORS in the promising Dubai real estate MARKET in terms of the number of buyers and transactions made in 2014 followed by Emiratis, Saudis and Kuwaitis, according to a new report.

The report by Omega Real Estate, a real-estate company owned by 'The H Holding Enterprise' said the Dubai real estate market looks promising and stable, driven by renewed confidence among investors.

At the The Gulf Cooperation Council (GCC) level, Emiratis topped the list, followed by Saudis and Kuwaitis. At the pan-Arab level, Jordanians, Egyptians and Lebanese were the major buyers, the report said.

Basing its assumption on a recent report of Dubai Land Department (DLD), Omega confirmed that property prices in Dubai have continued their recovery, albeit at a slower pace.

"This was a remarkably successful year for Dubai property market. INVESTMENTS were more diverse than ever with new areas coming on the radar. With sales accounting of over 51 percent of the total transactions, it is now clear than bigger and more serious buyers are coming into the market, engaging in long-term investments," Hafeez Abdullah, Chairman of 'The H Holding Enterprise' said.

Read full story: Indians biggest buyers of Dubai real estate in 2014