ISLAMABAD- Pakistan remained the third biggest country to acquire real estates in Dubai in the first quarter of 2015, and Pakistani nationals did the transactions amounting to $370 million.
Pakistani nationals purchased $4.3 billion which mean 16 billion dirham in 2013 and 2014 and this trend increased in 2015 according to the statistics.
These statistics were revealed by the data issued by Dubai Land Department in April 2015.
The survey conducted in Pakistan during January revealed that, a large amount of Pakistanis stated that they wanted to do investment in Pakistan, though among the foreign investment aspirants, 49% mentioned that they wanted to invest in Dubai.
During the first three months of 2015, the aspirants for investment in Dubai amounted to 87.29% while in the previous year it was 85.40%.
According to the data a gradual increase has been noticed in the trend of acquisition of lavish town houses, villas and offices by Pakistanis. During this period only 12% Pakistanis consented to find estates on rent from which it can be presumed that during the first quarter of this year many individuals have not chosen to move to Dubai to earn their living.
The data was exposed by a Property portal based in Dubai, Bayut.com in collaboration with UAE real estate market data base.
Haider Ali Khan, the Chief Executive Officer (CEO) of Bayut.com, remarked that this increasing trend of investment in Dubai shows the rising fortunes of Pakistanis.
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