30 August 2016, Dubai: : As the region gears up for the 15th edition of the Middle East’s largest property showcase, Cityscape Global, leading Dubai real estate portal propertytrader.ae has revealed that online interest from Pakistan has risen significantly over the first six months of 2016, with searches peeking in August.
And although Pakistan is often ranked somewhere around fourth or fifth place among major investors in the Dubai real estate industry (in the non-Arab foreign investor category) – somewhere behind the UK, India, and Russia – new statistics from propertytrader.ae suggest its influence is rising.
“It has been an eventful first half of the year, with Brexit and other economic factors shaping international property trends,” said Umer Ali, Sales & Marketing Director, propertytrader.ae. “So it is interesting to see this gradual, but definite rise in interest over just a few months from one country – Pakistan. There is clearly great interest there in the upcoming Cityscape Global and the opportunities it will inevitably highlight. August’s spike in searches is no coincidence.”Umer Ali , Sales & Marketing Director, PropertyTrader.ae.
Ali stated that Pakistan accounted for 10% of all searches on the site in August – rising dramatically from 3% in January. This placed the country into the top three for the first time this year, nudging out the UK.
In second position in August was Russia with 18% of all searches, with the UAE in first place at 48%.
It is estimated that Pakistanis have made an investment of around Dh31 billion in the Dubai property market during the past five years, with the major portion of this investment accounted for by Pakistan expats in the UAE and wider GCC who prefer to invest in the emirate because of good rental yields.
Cityscape Global 2016, will take place on September 06-08 at Dubai World Trade Centre.
Notes for Editors
Although only launched in 2015, PropertyTrader.ae is already one of the leading online real estate portals in the UAE, providing all property hunters in the middle and upper tiers of the market with up-to-date residential and commercial listings that enable them to make informed decisions.
PropertyTrader.ae provides resources for consumers and real estate professionals to help explore all stages of the home leasing and home buying process. The tools on the property portal provide an effective medium for users looking to buy, sell, rent or let quality properties, and gives access to financial advice for efficient use of resources.
The company is dedicated to ensuring visitors considering a purchase have access to all the properties advertised by the top real estate and letting agents across Dubai. Whether selling or buying, PropertyTrader.ae helps people get the maximum from the deal by connecting them to a large number of potential customers, both in the UAE and overseas.
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