labels: real estate, economy - general, investment - general
Indians among top overseas property investors in Dubai news
19 October 2006

Mumbai: Indians are among the top non-Arab property investors in Dubai, next only to British nationals who top the list. About 119 Indians have registered properties in their names, second only to 124 British expatriates, according to records with the land department.

Indians are followed by Iranians who number about 59 and property owners of Pakistan origin who number 39.

"Local governments' investment in property projects have attracted expatriate capital and helped create unprecedented investment opportunities for UAE nationals and expatriates alike," media reports quoted Sultan Butti bin Mijrin, director-general of Dubai's land department, as saying.

Property development projects in Dubai have so far attracted 3,164 UAE nationals who have registered their properties in specific developments. Dubai government has also offered freehold property ownership to expatriates as well in some specific projects.

Dubai's property projects include multi-billion-dollar developments like the seaport on the island of Bubiyan, tourist facilities on Failaka and Madinat Al Hareer or the City of Silk.

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Indians among top overseas property investors in Dubai