Indian investment in Dubai property Dh18 billion

International Property Show (IPS) will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a premier body of Indian developers which works under the aegis of Ministry of Housing and Urban Poverty Alleviation (MHUPA), Government of India, and represents a combination of Government representatives and private developers.

IPS organisers said that India is reinforcing its stature not only as one of the leading investors in the Dubai realty market but also as a country that offers diverse realty offerings to investors based in the Middle East.

India tops the number of foreign investors and investment transactions in Dubai’s real estate market according to the leading real estate show that take place in Dubai from April 8-10, 2014 at the Dubai International Convention and Exhibition Centre.

Dubai Land Department (DLD) said earlier that more than 8,092 investors from India notched Dh17,939 billion worth of transactions in Dubai real estate during 2013, surpassing all foreigner investors in the emirate’s property sector.

NAREDCO has announced that the Indian pavilion that will include some of finest properties from across India from developers in Mumbai, Delhi, Bangalore, Goa, Noida and Gurgaon.

"Indian investors are very active in Dubai property sector. Investing nearly Dh18 billion in Dubai reflects the huge interest from Indian investors in the Dubai market and their confidence in the lucrative returns," said Sultan Butti Bin Mejren, Director General of the Dubai Land Department.

"It is obvious that the Gulf region has presented itself as a key investments player in the world. The well-developed infrastructure and strategic location of Dubai will drive this sector to greater success."

Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organisers of IPS, in a press release, said, "A visit to the NAREDCO India Realty Pavilion will offer Indian expatriates living in the UAE and the Gulf a unique opportunity to select a place back home at a time the real estate is becoming one of the most lucrative investment options for NRIs."

Sunil Mantri, President NAREDCO added, "For Indians in the Gulf, investing in India is a sentimental decision. As it is driven by a need to remain connected to their roots.

“With definitive pick up in the economy, as the GDP has improved, inflation has moderated, growth in industrial production is seen with other positive triggers, that has driven the stock markets to the current levels, investment in properties in India would be an lucrative investment option."

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