Most of these property developers are coming from Western European countries such as Switzerland, Germany, France and the UK to cash in on higher returns in terms of rentals and capital appreciation, the
Khaleej Times adds.
Traditionally, Indians, Pakistani, British and Gulf nationals have been the dominant investors in the local property, along with the UAE citizens, accounting for a lion’s share of the total investment, it notes, adding that of late, Russians, have upped the ante, investing billions of dollars in the local real estate market for a safe investment.
