The number of nationals of the Gulf Cooperation Council (GCC) countries who bought up real estate properties in another GCC member state, other than their home country, increased by 51.1% in 2011 to 16107, up from 10654 in 2010, recent figures from a report issued here today by the GCC Secretariat’s General Information and Statistical Center showed.
In 2011, Kuwaitis were the most buyers of real estate in other GCC countries with 8130 ownerships, followed by Saudis (2312) and Emiratis (2267), said the report.
This takes the total such inter-GCC real estate ownerships to 93767 by the end of 2011, compared to 77804 by the end of the previous year.
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