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DUBAI: Pakistanis buy property worth $379m in first quarter

Talk about home away from home, Pakistanis remained in pursuit of real estate in Dubai in the first quarter of 2015 as third biggest amount of foreign property transactions $379 million came from Pakistani nationals, according to local media sources.

Pakistanis purchased properties worth over $4.3 billion (16bn dirhams) in 2013 and 2014 in Dubai, authorities stated.

According to data released by Dubai Land Department in April 2015, Pakistani nationals made transactions worth $379m (1.392 billion dirhams) during the first quarter of 2015, reportedly.

In terms of investor numbers, however, Pakistanis stood second with a total of 953 investors, only behind Indians with over 1,000 investors.

Pakistanis also make up the second largest non-Arab nationality in the UAE, stated a local media outlet.

 

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