Saturday, March 25, 2017

Indians top Dubai real estate with $3.3bn investment

Indians remain the most prolific foreign investors in Dubai's real estate sector, ranking highest both in terms of volume and value with Dh12 billion ($3.26 billion) worth of property transactions from 6,263 buyers, said a report released ahead of a major industry event.

The 13th edition of the International Property Show, to be held from April 2 to 4 at Dubai World Trade Centre, will have some of the best properties on display.

Dubai is increasingly becoming a hot favourite investment destination among Indians for a number of reasons including high capital gains, great return on investment, tax-free environment, proximity to India and transparent deals, said the event organisers, Strategic Marketing & Exhibitions.

The total real estate investments last year reached Dh91 billion ($25 billion) from 55,928 investors, it said, citing data relased by Dubai's Land Department (DLD).

At the International Property Show, Indian investors will have an opportunity to access some of the best properties in town, it added.

"The UAE’s safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai," remarked Dawood Al Shezawi, the CEO of Strategic Marketing & Exhibitions.

According to him, the profits on properties in Dubai in the form of rents and resale are high.

Al Shezawi pointed out that the Dubai realty market had everything on offer - from high-end luxury to affordable housing, making it a perfect destination for Indian investments.

"This year’s edition will have some of the best properties on offer, allowing serious Indian buyers to make deals and agreements right at the show," he added.

Supported by the DLD, International Property Show is a platform for both international and local real estate markets to showcase their residential, commercial and mixed-use real estate products and to conduct serious transactional business.

The upcoming edition is expected to be the biggest since its return, with over 200 exhibitors from 50 countries set to participate.-TradeArabia News Service

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