New Delhi, May 21 -- Super-rich Indians are second to Saudi High Net Worth Individuals (HNWI) in buying luxury properties in Dubai, according to a report by global property consultancy Knight Frank.

The report adds that British citizens are in third position after Indians in buying luxury properties in Dubai.

Saudi HNWIs have the highest average budget of USD 45.7 million, followed by those from India at USD 44.6 million and UK citizens with USD 30 million, as per the report.

Asian HNWIs have the lowest average budget among Knight Frank's survey respondents; however, this was still a very healthy USD 23 million.

Global real estate investors chose Dubai's Marina area (28 per cent) as their preferred location. Other locations such as Du...