Difficulty: Easy
Correct Answer: India
Explanation:
Introduction / Context:
Dubai is a major global hub for real estate investment, attracting buyers and investors from many different countries. The Dubai Land Department periodically releases data showing which nationalities invest the most in the emirate's property market. In one such report, investors from a particular country topped the list of foreign investors. This question checks whether candidates recall which country that was, which is a typical type of factual current affairs asked in banking and general awareness exams.
Given Data / Assumptions:
Concept / Approach:
Large numbers of non resident Indians (NRIs) and Indian businesses have historically invested heavily in Dubai's property market. Exam capsules dealing with international economic relations and overseas investments often highlight Indian investors leading in Dubai. The correct approach here is to recall that specific news and match it to the options given.
Step-by-Step Solution:
Step 1: Recall that headlines about the Dubai real estate market mentioned that Indians were the largest group of foreign buyers in a particular year.
Step 2: Observe that the options list several likely investing nations, but only one matches the widely reported fact of topping the foreign investor list.
Step 3: Compare British investors, India, Pakistan and the US. While each group invests, exam oriented current affairs repeatedly pointed out that India was at the top.
Step 4: Conclude that investors from India were ranked first in that Dubai Land Department report.
Step 5: Mark India as the correct choice.
Verification / Alternative check:
Verification can be done by recalling economic and banking awareness notes related to NRI investments, where Dubai property was highlighted as a popular destination for Indian money. These notes usually specify that Indians topped the list of foreign investors in Dubai real estate in the relevant period, confirming the answer given in the options.
Why Other Options Are Wrong:
British investors: While UK citizens do invest significantly in Dubai, available rankings for the period mentioned placed them below Indian investors.
Pakistan: Pakistan investors also participate actively in the Dubai market, but they did not top the list in the report referred to by the question.
United States of America: US investors are important globally but, according to the specified Dubai Land Department data, they were not in the number one position for foreign investment in Dubai real estate.
Common Pitfalls:
A common error is to assume that Western countries such as the UK or the US must dominate all foreign investment rankings. Another pitfall is ignoring the strong presence of the Indian diaspora in Gulf countries. Candidates who focus only on domestic Indian news may overlook how prominently Indian investors feature in international property markets, especially in Dubai.
Final Answer:
According to the Dubai Land Department data referred to in the question, the country that topped the list of foreign investors in Dubai real estate was India.
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