Top Buyers of Dubai Property in 2009 were Indians

Dubai-Real-EstateAs per a new study, during 2009, the biggest chunk of real estate sales in Dubai was brought by the Indian investors.

It was displayed by the figures, included in FutureBrand's Gulf Real Estate Study that Indian investors were involved in nearly a quarter or 24 per cent of sales by value in the city.

DUBAIFocus, in association with Dubai Land Department, supplied the data which forwards that UK property buyers concluded second with their 21 per cent share. The third and fourth spot was acquired by Investors from Pakistan and Iran with their 12 per cent and 10 per cent contribution respectively.

It was the buyer's search for high quality construction which was responsible for investing in Dubai. The survey showed that almost 19 per cent of the respondents stated this as their highest priority.

Other important factors by prospective buyers included Innovation (15.6 per cent), building great places to live (6.8 per cent) and the ease to work with developers (6.7 per cent).

However, the respondents gave 0.2 pct rating to the need to deliver projects on time.

It was in November, when research firm Proleads specified that some 1,845 projects worth a combined $657 billion were still active in the UAE despite the impact of the global slowdown.

It was specified by the study of the civil construction industry in the country that 69 pct of the total projects were ongoing.