The UAE remains one of the leading foreign buyers of real estate in the United States, with their share of international property purchases continuing to rise, according to a new report by the National Association of Realtors (NAR).
Between April 2023 and March 2024, investors from the UAE ranked as the sixth-largest group of foreign buyers of US residential property, contributing 3% to the total $42 billion spent by non-resident purchasers.
In the NAR’s 2024 Profile of International Transactions in US Residential Real Estate, the UAE followed China (13%), Mexico (11%), Canada (10%), India (7%) and Colombia (3%) in terms of overall spending.
Buyers from the UAE recorded the highest average purchase price among the top 10 international groups, paying an average of $1.2 million per property—well above the general average of $455,000.
According to the report, UAE nationals primarily acquired property in the US for holiday use or to generate rental income, with Florida and California standing out as the most sought-after markets.
Foreign buyers collectively acquired 54,300 existing homes across the United States during the review period, a slight increase from the previous year’s figure of 84,600, but still below pre-pandemic levels.
