UAE developers out to woo Indian buyers

UAE developers are out to get the attention of Indian property investors with two major exhibitions scheduled for this week and next month. And with good reason too — Indians were the most prolific foreign investors during the first six months in Dubai realty, accounting for 3,017 transactions valued at more than $2 billion (Dh7.34 billion).

First off will be the Dubai Property Show opening on November 6 in Mumbai at the Bombay Exhibition Centre. More than 30 UAE based developers are participating, and the organiser — Sumansa Exhibitions — is expecting around 5,000 ‘serious buyers’. “Investing in a property in Dubai is probably the best way to get the most from this progressive destination — now and in the long-term,” said Sunil Jaiswal, President of Sumansa Exhibitions. “Dubai is the favoured destination for investors looking to live, work and invest long-term.

“Indians consider Dubai as their second home. Proximity to India, lower interest rates, lucrative rental yield ranging from 4-7 per cent annually, security, tax-free returns on investments of around 20 per cent, 50 per cent leverage, attractive payment plans, regulated market are key driving factors for Indian investments into the Dubai property market.”

Meanwhile, the second exhibition, Irex, opens in New Delhi’s Pragati Maidan on December 4. It will present real estate investment opportunities for high networth individuals keen to invest in high-end properties in India and outside. GMN Road Shows & Events are the organisers.

“The globe-trotting Indian today lives in a boundary-free world, living and working in all the seven continents,” said Gauri Khan, founder of the interior design firm Gauri Khan Homes and wife of Bollywood actor Shahrukh Khan. “Long tenures overseas, both for pleasure and work, makes holiday homes in exotic destination a way of life.”

About 5,000 visitors are expected to visit the show. “The participating companies will be able to create brand awareness, exhibit their latest project offerings and do on the spot bookings,” said Vimal Anand, Director of Irex.


Source: Staff Report, gulfnews.comGN


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