Azernews.Az

By Sara Rajabova

The highest four per capita investment are from GCC strengthens Dubai's position as regional property investment hub.

Qatar has the highest per capita investment in Dubai realty in 2013 (AED 6.71 million), followed by Oman (AED 5.77 million), the UAE (AED 4.56 million), KSA (AED 3.71 million), Germany (AED 2.37 million), India (AED 2.22 million) and Britain (AED 2.11 million).

These figures were released in connection with the International Property Show (IPS), which will be held on 8 - 10 April 2014, supported by the Dubai Land Department (DLD).

The international real estate transactions during 2013 exceeded AED 114 billion, according to the same DLD report.

The organizers of the 10th IPS, that will coincide with the 4th Annual Investment Meeting (AIM) at the Dubai International Convention and Exhibition Centre, said the fact that the highest four per capita investment in Dubai's realty come from GCC countries shows that the Gulf investors remain a key driver in the Arab Emirate's property sector, encouraged by new investor-friendly legislations, proximity and a rising confidence in a lucrative return on their investments.

Director General of the Dubai Land Department, Sultan Butti Bin Mejren has said the figures once again reinforce Dubai's status as a top-notch real estate investment hub in the Gulf and beyond.

"I foresee even stronger regional demand in 2014 and this is where specialized events like IPS will help in maximizing per capita investment from neighboring regions and the world," Mejren said.

Other foreign countries which figured in high per capita real-estate transactions include France (AED 2.054 million), Russia (AED 2.051 million), Canada (AED 1.98 million) and the United States (AED1.83 million).

Organizers of IPS, CEO, Strategic Marketing & Exhibitions, Dawood Al Shezawi has said overseas investments were key contributors to the turnaround of the UAE economy, driven by a maturing market, transparent legislations and regulations and a growing appetite for property investment. "Our major focus in this year's show is to expand the number of exhibitors and investors," he said.

"We will also be highlighting the role of regulation in driving transparency, market confidence and facilitating sustainable investment in emerging markets in conjunction with the IPS' Official Knowledge Partner; RICS International," Al Shezawi added.

Al Shezawi further said the organizers invite investors, developers, financiers, architects and consultants in property investment, development and construction to visit IPS and keep abreast of the latest market trends as well as meet with decision makers from the real-estate industry.