Dubai, one of the most sought-after cities in the world, has been attracting investors from all corners of the globe. If you're planning to invest in Dubai's property market, knowing the top nationalities that have shown the highest interest can be a valuable asset for you.

In this article, we'll take a closer look at the top 10 nationalities of property investors in Dubai for 2022, the percentage of sales, and the top-performing locations to consider for investment. Let's dive in!

Percentage of Sales in Dubai in 2022

Dubai's real estate market has seen a significant increase in sales in 2022. According to recent data, there was a 57.4% increase year-on-year and a 6.7% month-on-month increase. If we look at the sales transactions in each quarter of 2022, we can see a steady increase:

• 1st Quarter: 20,521 transactions with a total sales value of 55.3B AED
• 2nd Quarter: 22,448 transactions with a total sales value of 59.1B AED
• 3rd Quarter: 25,503 transactions with a total sales value of 69.5B AED

Off Plan vs. Ready to Move

Interestingly, the demand for off-plan properties has been higher than ready-to-move properties. This is because investors can wait for possession instead of paying extra for ready-to-move properties, which are generally more expensive and limited. Here's a breakdown of sales transactions by type of property in each quarter:

• Q1: 10,872 off-plan properties and 9,649 ready-to-move properties
• Q2: 11,016 off-plan properties and 11,432 ready-to-move properties
• Q3: 13,868 off-plan properties and 11,635 ready-to-move properties

Top 10 Nationalities of Property Investors in Dubai 2022

Now let's take a closer look at the top nationalities of property investors in Dubai for 2022:

1. India
2. UK
3. Italy
4. Russia
5. France
6. Canada
7. UAE
8. Egypt
9. Lebanon
10. China

Indians make up the majority of investors in Dubai's property market, thanks to the city's Freehold Property Ownership law in 2002 and its booming tourism and businesses. UK, Italy, and Russia also rank high on the list of top nationalities investing in Dubai's property market.

Demand for Properties Under AED 2 Million

Properties under AED 2 million have seen a high demand in Dubai's real estate market, with more than 60% of sales in Q1, Q2, and Q3 falling under this category. Here are some of the top areas to consider for investment:

Apartments Under AED 2 Million in Dubai:

• Business Bay (AED 1,076,260)
• Sobha Hartland (AED 1,214,854)
• Meydan One (AED 568,000)
• International City Phase 1 (AED 270,000)
• Jumeirah Village Circle (AED 696,910)

Villas Under AED 2 Million in Dubai:

• DAMAC Lagoons (AED 1,709,000)
• Villanova (AED 1,672,475)
• Dubai South (AED 1,500,000)
• MBR District 1 (AED 7,988,000)
• The Valley (AED 1,557,110)

Another factor that has made Dubai a popular destination for property investment is its strategic location. Dubai is located in the heart of the Middle East, making it an ideal gateway to Asia, Africa, and Europe. Its state-of-the-art infrastructure and modern amenities, along with its favorable tax laws, make it a business-friendly hub for companies looking to expand their operations in the region.

Furthermore, Dubai's cosmopolitan culture and welcoming environment make it an attractive place to live, work, and invest in. It offers a diverse range of activities, including world-class shopping, dining, entertainment, and cultural events, making it a desirable location for tourists and residents alike.

In addition, Dubai's government has implemented various initiatives to attract foreign investors, such as offering long-term residency visas, allowing 100% foreign ownership in certain sectors, and providing tax exemptions for investors.

If you are considering investing in Dubai's property market, it is important to do your research and work with a reputable real estate agency. Look for a company with a proven track record of success and extensive knowledge of the market. They can provide valuable insights and help you navigate the complex process of buying or selling property in Dubai.

In conclusion, Dubai's thriving property market, favorable investment climate, and strategic location have made it a top destination for property investors from around the world. With its strong economic growth, modern infrastructure, and welcoming environment, Dubai is poised to continue attracting investors for years to come.