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KUWAITI REAL ESTATE INVESTMENTS IN UAE REACH OVER KD 82 MLN

DUBAI, — Kuwaiti investors had pumped more than AED one billion (KD 82 million) in UAE real estate market during the first half of 2016, Dubai Land Department report said Saturday.

Kuwaiti investments came second with 743 deals on the Gulf level after Saudi Arabia which came first place, the report added.

Dubai has been able to maintain its attractive investment environment despite the decline in some regional economies around the world, Head of the Department Sultan bin Mejren said.

The report added that the total value of foreign investments from 127 different nationalities reached more than AED 28 billion during the first half of 2016, with more than 14,000 deals. One AED equals KD 0.082.

Source: Name News Network