Tourism & Hospitality | Tuesday 1 December, 2015 3:22 pm |

The growing number of foreign investors in Dubai property will lead to more stability in the real estate market, according to Hafeez Abdullah, Chairman of ‘The H Holding Enterprise’, one of the renowned investment groups in the Emirate. 

 

A recent Dubai Land Department (DLD) report revealed that Dubai real estate sector attracted a variety of investors from 142 countries, doing around 20,000 transactions in the first half of 2015.

 

OMEGA Properties, the real-estate arm of ‘The H Holding Enterprise’ recorded stable operations during summer, which is usually relatively slow. The company said that Asian expatriates are still figuring high on Dubai’s real estate market, which reflects strong confidence in the local market. 

 

When it comes to other property transactions made by expatriates, Indians, Britons and Pakistanis are the top three expatriate property investors in Dubai. “This has been the case for the past few years. These nationalities have figured out the high ROI of Dubai real-estate, however, there are others who have started to surface recently,” said Abdullah.

 

Around 13,166 expatriate investors from India, Pakistan, UK, USA, Canada, Russia, China and France, did transactions in the Emirate’s reality market in just six months of 2015, according to a DLD report.

 

“Dubai has succeeded in attracting expatriate investments from the surrounding GCC markets. These figures are massive, and clearly reflect the growing interest in Dubai’s real estate,” added Abdullah.

 

Observers anticipate higher stability in Dubai’s realty market in the short term, and accelerated operations in the medium and long term. Abdullah pointed out that inflow of investments in Dubai never stopped since the initial growth of the sector in 2002.

 

“We are providing services to significant projects across the Emirate, through OMEGA Properties. Our portfolio expanded faster than we expected. The real-estate sector holds huge potential for start-up businesses, and we anticipate more accelerated growth in the coming period,” concluded Abdullah.

 

Omega’s strategy for this year is to gauge the emirate market before expansion, backed by a strong investment capital from its mother company.