The SheikhName: Mohammedbin Rashid Al-MaktoumAge: 61Occupation: PrimeMinister of the UnitedArab Emirates
foreign investmentThe largest source offoreign direct investmentin Dubai is the UnitedKingdomIran is almost one-quarterof what UK invested in2005Saudi Arabia is thesecond country with ahighest growth rate indirect investment in Dubai
Iranian InvestorsThe total Iranian visitors to Dubai has increasedfrom 192,230 in 2000 to 341,876 in 2006In the last decade, more than 400,000 Iranianshave moved up to $200 billion of capital intoDubaiIranians are estimated to control as much as 30percent of Dubai’s real estate developmentIranians are among the biggest purchasers ofDubai property besides Indian, British, andPakistani nationals.
The turndownDubai’s real estate crisis in the first quarter of2009Dubai lost $59 billion in the crisis. Around $25billion what British investors actually lostOne-third of Iranian investors and traders inDubai have returned to Iran due to the economiccrisis
conclusionForeign investment is important to Dubai’seconomy as it forms the most spending on realestate, the back bone of the Dubai economy22.6 percent is what real estate and constructionrepresents in Dubai’s economy