Indians bet big on Dubai realty

Indians are among the top property investors among non-Arabs in Dubai following British nationals who top the list.

According to the land department, 119 Indians have registered properties in their names - second only to 124 British expatriates.

Fifty nine Iranians and 39 Pakistanis are some of the other prominent nationalities to have registered properties with the department.

Sultan Butti bin Mijrin, director general of Dubai's land department, was quoted in the media as saying 3,164 UAE nationals have registered their properties in specific developments where expatriates have also been offered freehold property ownership by the Dubai government.

"Local governments' investment in property projects have attracted expatriate capital, and helped create unprecedented investment opportunities for UAE nationals and expatriates alike," he said.