Dubai's property sector surged in 2020 as it opened up again during the pandemic before most major cities and as rich buyers snapped up luxury units, boosting a sector that had been sluggish since the 2014-15 oil price crash.
Buyers from Pakistan were sixth, Lebanon seventh, China eighth, the United States and Canada ninth and Kyrgyzstan 10th, Betterhomes said in a report.
Among residents of Dubai, Indians were the top buyers, followed by Britons, Russians, Italians and Canadians.
Concerns of oversupply have long plagued the sector which saw a property bubble burst in 2009-2010, causing prices to plunge by more than half.
Waind expects 30,000-35,000 new units in 2023, which he viewed as "a lack of supply in this market with population growth".