Wealthy Ghanaians now investing in Dubai property

Wealthy Ghanaians now investing in Dubai property

First Group, a property company based in Dubai has revealed in a document that more Ghanaians are now investing in Dubai property.

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According to the First Group, a growing number of property companies from Dubai are using Ghana as their destination to target buyers across the West African hub, especially Nigeria and already, over $6 billion has been invested in the oil-rich Gulf state property by Ghanaians and Nigerians over the past three years.

The property companies are reported to be employing the services of glamorous sales girls who are always seen in airport terminals and hotel lobbies in Accra, Tema, Kumasi and Takoradi trying to sign up rich Ghanaians to “exclusive viewings” at the emirate’s latest property developments.

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Nigerians account for 60 percent of all sales in the emirate which attracts 2 billion people, spanning the Middle East, the subcontinent, central Asia and eastern Africa.

Paris and London have long been the attraction for western African states, but Dubai is now being touted as capable replacement.

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