More Brits Buy Land in Dubai

photo credit: Marc van der Chijs

Brits are busy buying up land in Dubai - according to new figures, more buy land for sale in Dubai  than any other foreign nationals

These figures, published by the Dubai Land Department, show that 147 Britons own 1,900,000 square feet of land in the United Arab Emirate. Last year Indian buyers were top of the foreign nationals list, but have been knocked down to second place this year. Indian nationals in Dubai now own 862,000 square feet of land and there are 125 land owners. Next in line are the Iranians, 111 of them now own land in Dubai.

A popular place to buy property in the United Arab Emirates, Dubai is continuing to grow at a rapid pace and thousands of people are moving there to live, thanks to international companies choosing to base their operations in the emirate.

A collection of other nationalities were mentioned on the land owners list too, including Omanis, who owned 27 plots with a total area of 129,000 square feet and Russians, who own 17 plots of land. At the bottom end of the scale, one individual represents Somalia, owning a single plot of land in Dubai.

But, despite all the foreign investment, it’s good to know that locals from the United Arab Emirates are still the biggest land holders in Dubai.

Technorati Tags: Dubai property, Dubai real estate, real estate, real-estate, real estate news, off plan property, off plan, property investment, real estate investment, overseas property