BE2C2 Report — Indians remain the most prolific foreign investors in Dubai real estate, ranking highest both in terms of volume and value with $3.26 billion worth of property transactions from 6,263 buyers, said a report released by Dubai Land Development (DLD) ahead of the International Property Show’s 13th edition to be held from April 2 to 4 at Dubai World Trade Center.
Dubai is increasingly becoming a hot favorite 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 organizers, Strategic Marketing & Exhibitions.
Buoyed by Indians’ investments in UAE properties, the Dubai Land Department (DLD) along with 30 reputable property developers from across Dubai in December participated under one roof in the second edition of Dubai Property Show in Mumbai.
Developers included heavy-weights such as Emaar Properties, Dubai Properties, Nakheel Properties, Damac Properties LLC, Deyaar Developers, Azizi Developers, Tamleek Real Estate (Kempinski Residence) and Tebyan, among others.
Dubai property investment is said to have an annual return rate of up to seven per cent according to DLD, which is in excess of rates returned by many world markets.
In 2016, Dubai recorded real estate investments of $25 billion from 55,928 investors, the data released by Dubai’s Land Department (DLD) indicated, according to several reports.
This year’s edition of International Property Show will have some of the best properties on offer, allowing serious Indian buyers to make deals and agreements right at the show,” said Dawood Al Shezawi, CEO, strategic marketing & exhibitions, organizers of the International Property Show.
“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. In addition, many Indians find Dubai as their base for business between India and the wider Europe and Middle East,” Al Shzawi added.
The DLD report noted that while investments from Indians spearheaded the Dubai realty market in 2016, GCC citizens contributed $9.5bn from 12,768 investors, of which 3,294 investors from Saudi Arabia made transactions worth $2.1bn.
Pakistan contributed $1.1bn from 3,372 investors, while British investments amounted to $1.5bn from 3,372 investors.
The upcoming edition of the International Property Show is expected to be the biggest since its return, with over 200 exhibitors from 50 countries set to participate.