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With purchases worth Rs 35K crore, Indians emerge top home buyers in Dubai

This is almost double the money spent by Indians to purchase homes in Dubai in 2021

The booming residential pipeline suggests that chronic oversupply will remain a key vulnerability for Dubai, one of seven sheikdoms that make up the United Arab Emirates.
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Photo: Bloomberg

BS Web Team New Delhi

Indians are the top homebuyers in Dubai, and they purchased property worth Rs 35,500 crore in the emirate last year, a report by the Times of India (TOI) said. This is almost double the money spent by Indians to purchase homes in Dubai in 2021. In 2022, Indians made up a large chunk, 40 per cent, of all the homebuyers in Dubai.