click to enable zoom
Loading Maps
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next
Advanced Search
More Search Options
We found 0 results. Do you want to load the results now ?
Advanced Search
More Search Options
we found 0 results
Your search results

Pakistanis invest $2.18bn in Dubai properties

Posted by admin on November 25, 2016
| 0

Pakistanis invest $2.18bn in Dubai properties

KARACHI: Pakistanis purchased 6,106 properties during 2015 as compared to 5,079 units last year, an increase of 20 percent, Dubai Land Department (DLD) figures .

Pakistanis invest $2.18bn in Dubai properties

Around AED 8 billion ($2.178bn) worth of properties were purchased by Pakistanis during the year as compared to AED 7.588bn ($2.066bn) last year, up 5.43% .
Media statements that the government was investigating Pakistani investments in Dubai property market seemed ineffective due to the rise in purchases.
According to the DLD’s report, the overall real-estate investment exceeded AED 135bn in 2015 (55,928 investors) as compared to around AED 109bn (41,715 investors) a year ago.
https://m.youtube.com/watch?v=uGZoDTuLhvg
Pakistanis have invested AED 24bn in Dubai property market since 2013.
Some brokers were surprised with the trend as they believed that the money flow from overseas (particularly from Dubai) was pushing up the real estate in Pakistan.

Owner of Parekh Estate in Clifton, Abdul Wahab Parekh, said businessmen invested more in Dubai property market followed by politicians and industrial tycoons.

Most businessmen, perturbed by imposition of 0.03pc and 0.06pc withholding tax on banking transactions, have pulled out their money from the banks and parked it in the real-estate of both Dubai and Pakistan .
“In Dubai, supply of real-estate is currently higher than demand causing downward trend in prices,” he opined.
On holding of Expo Dubai 2020 , the event may drive up the prices of rentals.
https://m.youtube.com/watch?v=IoRxjJAIg78
Another aspect of the huge chunk of money that goes in the Dubai property market comes from the overseas Pakistanis.

Leave a Reply