Dubai realty investments exceed Dh158b in 2oo8 |
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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.
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Stories
Companies
| Company Name | Country | Industry |
| Qatari Diar Real Estate Investment Company | Qatar | Landlords and Developers |
| Emirates Integrated Telecommunications Company | UAE | Telecommunications Services |
| Global Investment House | Kuwait | Investment Banking |
| Bahrain City Center | Bahrain | Properties and Zones |
| Emaar Properties | UAE | Landlords and Developers |
| Dubai Islamic Bank | UAE | Banking |
| Al Rajhi Investment Group | Saudi Arabia | Investment Firms and Funds |
| Abu Dhabi Commercial Bank | UAE | Banking |
| Mubadala Development Company | UAE | Investment Firms and Funds |
| Doha Bank | Qatar | Banking |
Projects
| Project Name | Country | Sector |
| Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Fujairah 2 IWPP | UAE | Power and Water |
| QP - Al Shaheen Refinery | Qatar | Oil and Gas |
| KNPC - Al Zour Refinery | Kuwait | Oil and Gas |
| Qatalum Aluminum Smelter | Qatar | Industry |
| WDEPC - Abu Qir Power Plant Expansion - Civil Works | Egypt | Power and Water |
| ADCO - SAS Field Development | UAE | Oil and Gas |
| Qatar Foundation - Sidra Hospital | Qatar | Real Estate |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |
| Saadiyat Island Development - Saadiyat Resort and Beach Residences (Phase 1) | UAE | Real Estate |





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