Dubai attracts Dh1.579 billion of foreign investment

10/05/2009 - Dubai Investment News
Dubai attracts Dh1.579 billion of foreign investment

Investment in the Dubai Financial Market appears to be continuing as foreign businessmen purchased Dh1.579 billion (£0.126 billion) worth of shares last week.

This amounted to 41.5 per cent of the total value of stocks traded during the period, while Dh1.494 billion were also sold by non-UAE nationals.

With investment flourishing in the area, it may be the perfect time for people to consider spending a little of their own money in the Middle East and look at property for sale in Dubai.

In terms of institutional investment on the market, investor buy reached Dh274 million, which accounted for 25.7 per cent of the total value of stocks.

The Financial Times recently listed Dubai as the top city in the world for foreign direct investment, meaning that buying a commercial property in Dubai could prove to be a shrewd move.

According to the news provider, the emirate attracted $21 billion (£13.9 billion) of capital investment in 2008.
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