Dubai real estate sees $2 billion investment by Indians in 2015

Dubai real estate investment

According to Dubai government’s data, Indians were the most prolific foreign investors in the first six months of 2015, with a total of 3,017 real estate transactions worth more than $2 billion.

“The typical Indian mind-set of solidifying assets in multiple arenas compliments the dynamics of Dubai real estate which offers a range of options to buyers as per their budget and preferences. Recent trends of purchasing properties in locations such as Downtown Dubai, Dubai Marina, Jumeirah Lake Towers and The Palm also suggest that the buyers are looking at profitable dividends in the shape of rents and resale value,” said Sunil Jaiswal, President, Sumansa Exhibitions. The company had organized Dubai Property expo in India from November 6-8. lower rates of property in Dubai in comparison to some metropolitan cities in India, interest in exploring foreign markets for a balanced real estate investment portfolio and the latest move by the Reserve Bank of India  permitting investors to send up to $2,50,000 freely overseas to buy property has positively impacted investor sentiment.

“hassle-free commuting to Dubai for both business and recreational requirements is one of the reasons why purchasing property there is convenient. Moreover, there is no tax on rental income; investors can make free and clear profit on rents also draws Indians to Dubai’s realty market,” Jaiswal added.