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Indians biggest foreign investors in Dubai realty: Report

Mumbai, Dec 4 (IANS): Expecting high returns, Indians have invested hugely in Dubai realty in the first nine months of 2018, making them the largest chunk of all foreign investors in the sector, according to the latest statistics of the Department of Real Estate Studies & Research, Dubai Land Department (DLD), said a spokesperson on Tuesday.

Eyeing profits, Indian nationals have already poured a staggering Rs 16,800 crore in various realty projects in the emirate, which is also a global financial centre.

In fact, the DLD said Indian buyers have been consistently the highest foreign investors in the emirate's realty sector given its strategic location, high investment and rental yields, capital appreciation and regulations making it an attractive proposition.

"We expected these numbers to pick up further at the upcoming DLD's annual 4th Dubai Property Show (DPS) coming up in Mumbai from Dec 7-9. It will showcase exclusive Dubai real estate options with participation of renowned developers such as Nakheel, Falconcity of Wonders, Sobha Realty, Geminit Property and others," said the spokesperson.

On offer will be budget to luxury apartments, villas to beach properties, furnished homes and commercial properties. It will bring together Dubai's real estate experts, developers and consultants under a single roof for interaction with potential Indian investors.

Globally, the Mumbai event will the 10th edition of the exhibition which has travelled to London and China this year, said DPS General Manager Himanshu Gupta.

He said Indians have been living in Dubai for decades and contributed immensely to the business and economic growth of that country, with great optimism for the future.

Moreover, for Indian investors, Dubai is like a home-away-from-home given its familiar environment, close proximity to India, fantastic growth opportunities and increasing trust in the systems, Gupta added.

The DPS, to be held at the MMRDA Grounds in Bandra Kurla Complex, will have seminars, upcoming investment hot-spots, financing options, legal advice pertaining to existing and new UAE real estate laws.

Dubai is the largest and most populated city in the UAE, with a population comprises over 43 per cent Indians. It is ranked among the safest metros in the world.

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Comment on this article

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Dec 5 2018

    Good news and hope for improvement in Dubai economy soon.

    DisAgree Agree [4] Reply Report Abuse

  • Ranjith Pinto, Dubai/Udupi

    Wed, Dec 5 2018

    Only Adani, Ambani, winking baba pottunjali, jay shah, gujarathi diamond and gold dealers, gujarathi stock market manipulators etc dont have single real estate asset in dubai because they shout "bharat mata ki jai" even when they are sleeping...

    All other indians are traitors for investing in dubai as per daku and feku esp. we the beef eaters...

    DisAgree Agree [5] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    What happened to "Make in India" ...

    DisAgree [2] Agree [6] Reply Report Abuse

  • Charles D'Mello, Pangala

    Wed, Dec 5 2018

    This bubble may burst at any time.

    DisAgree [2] Agree [9] Reply Report Abuse

  • Haneef, Mangalore

    Tue, Dec 4 2018

    Free bank money going to the pockets of dictators.
    Every part of the world Indians are top investors. Since 2 years GOI write off approximately 3lakh crores of veggies. All these money lands in foreign soil.

    DisAgree [1] Agree [7] Reply Report Abuse

  • shan, dubai

    Tue, Dec 4 2018

    Most of the politicians,Film personalities, businessmen etc are having properties in Dubai..... Modi is telling that everyone has to declare about their foreign investment. When these people are in India and they are not non resident Indians. How such a huge amount taken from Indian and invested outside? government is only implementing rules on powerless people?????

    DisAgree [1] Agree [41] Reply Report Abuse

  • Raju, Karkala

    Tue, Dec 4 2018

    We have to ask this question to UPA government

    DisAgree [24] Agree [7] Reply Report Abuse

  • Jacob Mendonsa, Bangalore

    Tue, Dec 4 2018

    Raju Karkala, it is clearly mentioned that in the first sentence that Indians invested heavily in the first 9 months of 2018. Now tell us which party is ruling in India in this period?

    DisAgree [2] Agree [17] Reply Report Abuse

  • PEDDA GUNDA, managluru

    Wed, Dec 5 2018

    Raju karkala is frog in the well as usual like other BHAKTHADI who never analysis the crony capitalism ! one cant be a leader because of majority win that too on the basis of religion emotions !

    DisAgree [1] Agree [8] Report Abuse

  • Jacob Mendonsa, Bangalore

    Tue, Dec 4 2018

    Ask this question to Feku & Daku?

    DisAgree [2] Agree [15] Reply Report Abuse

  • Bm, Mangaluru/KSA

    Tue, Dec 4 2018

    Ok we will ask UPA after MP election

    DisAgree [4] Agree [7] Reply Report Abuse

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