Jumeirah Golf Estates taps into Indian market

Jumeirah Golf Estates (JGE) announced a series of partnerships with leading Indian organisations to expand its presence in the lucrative Indian market. In a partnership with SPF Realty, an SME100 real estate firm, JGE recently organised a private event in New Delhi to showcase three of its key developments among Indian investors.

''We see huge potential in the Indian market and we look forward to meeting discerning buyers from New Delhi, who are well aware of the benefits that owning property in Dubai offers, not only in terms of returns on investment, but also in terms of quality of life,'' said Yousuf Kazim, CEO of JGE.

''We are confident that SPF Realty, with its reach among the Indian investment community, is the right partner to target customers from this country looking for world-class property options, whether it is a one bedroom apartment or a six bedroom villa.''

Indians have emerged as the largest group of investors in the Dubai property market, partly because of its proximity to India.

''As one of the few places in Dubai to be surrounded by nature, our properties provide an unforgettable experience for golfers with two world-class, Greg Norman-designed golf courses, as well as residents seeking quality, luxury homes and a peaceful setting within easy reach of Dubai's top attractions,'' said Yousuf Kazim.

Dubai's property market has benefited from the Reserve Bank of India's recent move to increase the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. The bank now allows Indians to buy property abroad, hold shares or debt instruments or any other assets or purchase gifts up to $250,000 (Dh917,500) per person per year.

The company also said that the strong market fundamentals in Dubai, including enhanced transparency, have helped attract investors from India.

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Source: Property WeeklyPW


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