Britons second-top apartment buyers in Dubai

13/10/2011 - Dubai Property News Posted by Bob Brunskell
Britons second-top apartment buyers in Dubai

British property investors were the second-top buyers of apartments in Dubai, statistics from the Dubai Land Department show.In the first six months of 2011, Britons purchased 1,818 units, totalling Dh 2.396 billion, Emirates 24/7 reports.The biggest buyers of property in Dubai were by Americans and Russians. US buyers purchased 66 land plots and 456 apartments in the first half of the year, while Russian buyers acquired 41 plots and 791 apartments.In terms of plots, Britons bought 239 plots for Dh1.090 billion and 139 villas and buildings for Dh241 million.The figures show a positive outlook at the future of property sales in the emirate. Indeed, total property sales over the period totalled Dh 35.68 billion.It was reported earlier this week that owing to heightened demand from investors, prices for two and three-bedroom villas in The Springs area of Dubai have increased by up to 25 per cent since January, the news provider stated.