Dubai realty investments exceed Dh158b in 2oo8 |
|
Thursday, Dec 04, 2008
Gulf News
Dubai: Investments in Dubai's real estate sector have exceeded more than Dh158 billion so far in 2008, based on the number of registered sales, leasing and mortgage transactions.
At the recently held Urban Waterfront conference, reports showed that the global market value of waterfront developments will cross $500 billion in the next five years.
With three Palm projects, Waterfront and The World in the pipeline, Dubai is set to be one of the most active locations in terms of waterfront development. Even though parts of these projects may be on hold for the time being, investments in Dubai are still growing.
"The global financial crisis notwithstanding, Dubai remains one of the most attractive destinations for investors from all over the world with over Dh158 billion invested since the beginning of 2008 to date. [This is] in comparison to total investments of Dh151 billion last year," said Ahmet Kayhan, chief executive of the website Reidin.com.
Figures show that the top investor-countries channelling funds to the property sector in Dubai are India, Russia, Saudi Arabia, UK, Oman, Iran, Canada, Bahrain and Kuwait.
Other Asian investors include Dh6.09 billion from Pakistan, Dh1.7 billion from Afghanistan and Dh150 million from Singapore, in the first three quarters of this year.
© Gulf News 2008. All rights reserved.
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Abu Dhabi Municipality | UAE | Ministries and Municipalities |
| KIA Motors Saudi Arabia | Saudi Arabia | Transportation Products |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Al Rashid Trading and Contracting Company | Saudi Arabia | Construction and Design |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |