Pakistanis investment in Dubai in last 3 years stand at Rs. 811 billion
Shares
DUBAI: Investments by Pakistanis in Dubai’s property market dived 43% to $1.2 billion in 2016 compared to $2.1 billion in 2015, according to data released by the Dubai Land Department.
With the $1.2-billion (or Rs126-billion) investment in 2016, total investment by Pakistanis in Dubai’s property market since 2013 has reached $7.73 billion (or Rs811 billion).
The estimated population of Pakistanis in the United Arab Emirates (UAE) is over 1.2 million, which makes up about 13% of the total population of the tiny Gulf nation.
According to Dubai’s land authorities, people of over 100 nationalities invest in the property market of the emirate, one of the most investor-friendly destinations among seven states of the UAE.
Pakistani diaspora in the UAE is the second largest after Saudi Arabia where over 2.2 million Pakistanis reside. The UK comes at number three with over 1.1 million Pakistani expatriates while the US is at the fourth spot with 0.7-1 million Pakistanis.
