Role of Pakistani Investors in the Dubai Real Estate Market

Role of Pakistani Investors Dubai Real Estate Market

This year Pakistani investors invested a huge amount in Dubai Real Estate, which is the largest investment of Pakistanis that they ever did before in Dubai. The properties in Dubai that are worth millions of dollars have been owned by these investors. This information has been published by the EU Tax Observatory, which is basically a research institution.

This research institute has issued a research paper that shows the current position of the Dubai Real Estate Market. The paper also shows how many countries have invested in this sector, which shows that Pakistani investors have invested about 10 million dollars which is the largest investment of Pakistanis after 2016.

Investors from India own approximately 20% of offshore Dubai real estate, while investors from the United Kingdom own 10%; other major countries include Pakistan, Gulf countries, Iran, Canada, Russia, and the United States. 

According to the Pakistani press report and the above-mentioned research institute, Pakistan is the 3rd largest country in investing in real estate in Dubai, the United Kingdom has 2nd whereas India comes in 1st number. The investors from Pakistan are mostly the politicians belonging to PPP, PML-N, ANP, and MQM.

Let’s get into further detail about the Dubai real estate industry and the current investment of Pakistani investors.

Pakistan third largest foreign investor in Dubai


The Data suggest that Pakistani rich people have owned about 38,000 properties in Dubai. In the Dubai Real Estate Market, these properties are worth 10.6 billion dollars, which is the amount more than the State Bank of Pakistan dollar Reserves. This is not done yet, the economy and investors who have a large amount of capital are planning to do more foreign investments.

Indian investors have invested 29.8 billion dollars, the second in number United Kingdom investors have invested 14.7 billion dollars and Pakistan third in number has invested 10.6 billion dollars. This investment has been reported this year and analyzed by the top research institute.

According to data, the owners of Pakistani investors in Dubai are 19,662 who have owned these properties. It is true that the UAE’s largest city Dubai is a business hub and international city, and the government has taken into account reporting any investor involved in money laundering.

This act by the government of the UAE will lead the real estate industry investment fair and attract only the investors who are legally allowed by their own countries to invest in foreign. 

Dubai Real Estate Market and South Asia Investors


Today Dubai is the world’s largest offshore foreign investment, due to the fact that about 146 billion dollars have been invested by foreign investors in the real estate industry. The Dubai Real Estate Market is now twice larger as London Real Estate. 

According to the Eu Tax Observatory following is the number of unique owners who hold Dubai real estate properties:

  • The number of unique owners of India in Dubai Real Estate is: 34,876    
  • The number of unique owners of Pakistan in Dubai Real Estate is: 19,662
  • The number of unique owners of Saudi Arabia in Dubai Real Estate is: 9,875
  • The number of unique owners of Iran in Dubai Real Estate is: 8,669
  • The number of unique owners of Russia in Dubai Real Estate is: 5,381
  • The number of unique owners of China in Dubai Real Estate is: 5,179
  • The number of unique owners of Kuwait in Dubai Real Estate is: 3,444
  • The number of unique owners of Iraq in Dubai Real Estate is: 2,721

Above are the unique entities of the top 8 countries of Asia that own Dubai real estate properties. The amount mentioned which is invested by Pakistanis is a huge amount which strongly implies that there is great income inequality in Pakistan. 

Because there are people in Pakistan facing inflation and struggling with the bad economical condition. On the other hand, people with large equity are investing in foreign real estate markets.

However, investing by Pakistani Investors in Dubai is good for Pakistan’s economy and real estate. The UAE government and different companies showing their interest to invest back in Pakistan. The UAE government investment will help Pakistan in overall economic growth and performance, and companies are showing interest to invest in the Real Estate Sector in Pakistan

We would like to share the investment of the UAE in Pakistan in detail, and how it will assist Pakistan in economic growth:

UAE’s Intention to Invest in Pakistan


It is true that Pakistan is the 3rd highest property investor in Dubai, due to which the government of UAE also shows their keen interest to invest back in Pakistan. According to the Emirates News Agency WAM, UAE will invest 1 billion dollars in different sectors of Pakistan. 

The amount which UAE wants to invest will be invested in various economic and investment sectors, as per the WAM this investment will cover Gas, energy infrastructure, financial services, renewable energy, health care, etc.

The investment of Pakistani investors in Dubai real estate built a two-way relationship, as a result, the renowned company Al-Ghurair Group of Dubai announced the investment of millions of dollars in the real estate sector of Pakistan.

The purpose of that investment is to introduce the UAE building structure and living standards in the beautiful city of Islamabad. This well-known company investment will also attract investors from other countries to invest in Pakistan.

Secondly, the most important step taken by the government of Pakistan is to attract investors from foreign. To invest in the real estate sector in Pakistan there are flexible policies that investors would love to follow. Today, this industry is booming and a number of projects are under development.

After the response of Pakistani investors and government policies, the third and essential factor that attracts investors is the China-Pakistan Economic Corridor (CPEC). The government of China is building a road network in Pakistan and a road to Gwadar Port investing trillions of dollars. In the future, Pakistan will be the most important geographical region.

From this country, great China will trade with the world so investors are showing their interest to invest in this strategic region, especially in the real estate sector.

All of the above are the logical reasons why people are showing interest, but due to the economic instability and high inflation rate, Pakistan has to build a bridge of 4 billion dollars with different countries. After the announcement of Dubai’s investment of 1 billion dollars, KSA is also helping Pakistan. 

The International Monitoring Fund (IMF) is looking for the agreement of KSA with Pakistan for financial support. The government of KSA will extend the Oil-Loan facility to the southern countries of Asia, Pakistan will be a part of this as this country is facing the highest inflation rate in Asia.

Conclusion


The role of Pakistani investors in the Dubai real estate market is no doubt helping Pakistan to stabilize its economic condition and fulfill the IMF requirements. 1 billion dollars is enough for different sectors of Pakistan to settle and grow. The geographical region of this country is also playing an important role, the bright future of this country is near. Like the real estate sector, Pakistan will face a tremendous boom in all sectors, especially in the investment sector but the country needs to be stable politically and recover the value of the rupee by having greater reserves with the State Bank of Pakistan.

A big comeback of Pakistani investors in Dubai Real Estate

If you want to know about The big comeback of Pakistani investors in Dubai Real Estate Contact Makaan Solutions. Our Sales Executive Officer will provide you with all the latest information. Starting from consultation to choosing the property, and from booking to owning your dream property. For further details, please do not hesitate to contact us with the below-given information:

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5 thoughts on “Role of Pakistani Investors in the Dubai Real Estate Market”

  1. Makaan Solutions always brings some knowledgeable stuff… Very informative article… Keep it up Makaan Solutions… Doing great job…. 👌👏👏

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