Some US$544 million in Kuwaiti money was invested in Dubai's real estate sector in 2016, said a report Saturday. Areport by Dubai Land Department revealed that there were about 770 Kuwaiti investors in 2016, coming in third place GCC-wise behind their counterparts from Saudi Arabia and Qatar, who ranked first and second respectively.
The report said that the total of GCC investments in Dubai's real estate sector came at US$9.5 billion. The department noted that Indian investors, who amounted to 6,200, ranked first when it came to the total volume of money invested, with over US$5.7 billion, while British investors; about 3,300, came in second with around US$ 1.58 billion. Investments from China, Canada, Iran, Russia, the US, and France amounted to US$11.9 billion in 2016, said the report, which indicated that the collective number of investors from these countries was at 22,000 people.