Visitors spent an average $537 per day and $29.7bn in 2017, according to a new Mastercard index.

Chart shows slight gap between the two while Saudis third on the list.

Highlights

• In the first 9 months of 2018 worth Dh162 billion property deals were registered
• On the top list, UAE nationals recorded 4,112 investments worth Dh9.4 billion
• Indian buyers were involved in 4,676 investments worth Dh8.6 billion
• Saudis came in third with 1,882 investments worth around Dh3 billion
• Pakistanis came fourth, having posted 1,851 investments worth Dh2.3 billion

Dubai: Property and plot transactions in Dubai totaled Dh162 billion (from 39,802 deals) in the first nine months, compared to Dh204 billion a year ago.

Investments by UAE nationals and Indians are at near parity so far this year — the former had 4,112 investments worth Dh9.4 billion, while Indian buyers backed 4,676 investments worth Dh8.6 billion.

The Saudis came in third with 1,882 investments worth around Dh3 billion, followed by Pakistanis who had 1,851 investments worth Dh2.3 billion.

The tally of real estate investments up to end September was Dh50 billion, of which Dh30.2 billion were brought in by overseas investors.

GCC nationals pumped in Dh6 billion and local investors Dh13.7 billion.

"These positive repercussions will continue to resonate in the short- and long-term by introducing new sales categories for either personal use or for investing," said Sultan Butti bin Mejren, Director-General of Dubai Land Department, in a statement.

In the year to September, there were 25,473 transactions worth more than Dh56.6 billion, another 11,000 mortgage transactions worth over Dh86 billion, and 3,486 other transactions valued at Dh19.3 billion.

Reference:

https://gulfnews.com