In 2016, 1,364 Egyptian investors spent LE13 billion (around US$650 million) on real estate in Dubai, comparing to LE14 billion (around US$700 million) in 2015. The report on real estate transactions in Dubai for the year 2016 said that total transactions in the city amounted to AED 259 billion (US$70.6 billion). Investors from Qatar and Kuwait approached AED2 billion mark, from 1,006 and 770 investors respectively, followed by nationals from Oman (301 investors) and Bahrain (244 investors), who contributed up to AED1 billion. Arab investors from outside the GCC contributed over AED12 billion to the real estate market last year, from 6,416 investors of 16 nationalities. DLD’s report reveals that among these, Egypt ranked highest in number of investors, with 1,364 investors making transactions worth over AED2.4 billion.

Source: Egypt Independent January 14, 2017 11:59 UTC