Indians have by far remained the most prolific foreign investors into Dubai realty, a recent report has revealed.
As per the data from the Government of Dubai’s Land Department (DLD), the total real estate investments last year reached Dh91 billion from 55,928 investors, Khaleej Times reported.
- Indians ranked highest in terms of both volume and value among foreign investors with Dh12 billion worth of property transactions from 6,263 buyers.
In an effort to attract more investments from Indians, the 13th edition of the International Property Show, which will be held from April 2nd to 4th this year at Dubai World Trade Centre, will have some of the best properties on display.
According to industry experts, UAE’s safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai.
Dubai is increasingly becoming a hot favourite destination with Indians for a number of reasons including high capital gains, great return on investment, tax-free environment, proximity to India, and transparent deals amongst many others.
The 13th edition of the International Property Show is expected to be the biggest since its return, with over 200 exhibitors from 50 countries to participate.