British investors still see Dubai as an attractive proposition

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DubaiBritish investors continue to see the property market in Dubai as a good bet, according to new statistics from the Emirate’s Land Department. Of the $16 billion invested in Dubai properties last year, over $12 billion came from overseas investors. Indians led the field with total investments of $2.5 billion followed by Britons ($1.36 billion) Pakistanis ($1.09 billion) and Russians only $545 million – roughly the amount Roman Abramovich hides in his sock drawer for emergencies. ┬áThe department’s director-general, Sultan Butti Bin Mejrin, said this showed how Dubai had recovered from global financial crisis with the help of support from┬álocal government.