Buying property in Dubai: Top buyer nationalities revealed

04 May 2023, Construction Week Online

Many renters are transitioning to becoming buyers due to the desire for security and the rising interest in the sales market.

At the same time, international investors are drawn to the market due to the strong return on investment and overall market performance.

The top three communities by buyer demand:

Apartments:
Dubai Marina
Jumeirah Lake Towers (JLT)
Jumeirah Village Circle (JVC)

Villas & Townhouses:
Jumeirah Village Circle (JVC)
Dubai Hills Estate
Arabian Ranches

The Dubai real estate market continues to see a surge in international demand as investors flock to the country to seek a safe haven, tax efficiency and positive investment returns, according to the report.

Buyers from the UK accounted for the highest real estate transactions, followed by buyers from India. Increased demand was also observed in buyers from Middle East and North Africa.

Top buyer nationalities:
United Kingdom (UK)
India
Russia
Italy
Lebanon
Egypt
Turkey
France
China
United Arab Emirates (UAE)

Within Dubai’s luxury residential market, Palm Jumeirah recorded the most off-plan transactions followed by JBR, Downtown Dubai and Media City.