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Indians invested $2 b in real estate in Dubai in 2015 | Looking for attractive returns in terms of rents and resale value, Indians are purchasing properties in Dubai. They, in fact, have emerged as the biggest investors. They are purchasing properties in locations such as Downtown Dubai, Dubai Marina, Jumeirah Lake Towers and the Palm.
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MUMBAI: Indians invested $2 billion in real estate in Dubai in the first half of the current year. They are the biggest chunk of foreign property investors in the emirate for quite some years.
The recent RBI decision allowing investors to send money overseas freely to buy property has boosted the sentiment. Looking for attractive returns in terms of
rents and resale value, Indians are purchasing properties in locations such as Downtown Dubai, Dubai Marina, Jumeirah Lake Towers and the Palm. They are also looking for a balanced real estate investment portfolio.
"Indians were the most prolific foreign investors in H1 of 2015, with a total of 3,017 transactions worth more than $2 billion," according to Sunil Jaiswal, president of Sumansa Exhibitions.
"Easy and hassle-free commuting to the country for both business and recreational purposes and no levy of tax on rental income, which means that investors can make free and clear profit on rents are also attracting Indians to invest in Dubai's property market," Mr Jaiswal said.
Sumansa Exhibitions, started in 2006, is an organiser of property shows. Recently, it launched an exclusive event in the emirate, the Dubai Property Show. Next exhibitions will be held in India, Russia, China, Hong Kong and Africa. The Indian property show will be hed in Mumbai from November 6 to 8 at the Bombay Convention Center in Goregaon (East). Another Indian Property Show Dubai will be held at Dubai World Trade Centre, December 1,2,3 2015
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October 24, 2015
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From the Web |
Dubai to build 400 more AC, non-AC bus shelters with wi-fi |
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shelters in the next two years. The Roads and Transport Authority (RTA) has
awarded the contract for the project to Right Angle Media. There will be wi-fi
facility also. The project will be operated by Right Angle Media, a company that
also operates the existing bus shelters. To be operated on the public-private-
partnership model, the project will bring the total number of bus shelters in Dubai
to 1,295.
| UAE perfect destination for entrepreneurs, innovators: Sheikh Mohammed |
ABU DHABI: Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime
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destination and a perfect environment for entrepreneurs and innovators from
across the world. "We have great expectations from entrepreneurs because we
believe in their unlimited innovative ideas," Sheikh Mohammed said as he received
a delegation from the United Nation's Global Entrepreneurs Council. The Council
has selected Ohood Al Roumi, Director-General of the Prime Minister Office of the
UAE, as its first Arab member. He said, "We have great confidence in the young
generation."
| Women complain of stalkers in Dubai localities |
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stalkers, claiming they have been followed them while walking their dogs or
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by driving slowly behind them in their tinted SUVs. | ISAF Sailing World Cup final in Abu Dhabi from Oct 27 |
ABU DHABI: The ISAF Sailing World Cup is being organised in Abu Dhabi for the
championship’s final. Ten Olympic sailing categories will compete with an open
kiteboarding event joining the programme. Held from October 27 to November 1,
2015 the event begins at 11.30 am, at Breakwater, between the Corniche and Lulu
Island, Abu Dhabi. Watch the racing is free. The base for the fleet is at the Abu
Dhabi Sailing and Yacht Club opposite Marina Mall. It’s a great place to watch the
regatta from as you’ll be in the thick of the action. You can also watch the regatta
from anywhere along the Corniche.
| Ashura day to be observed on Saturday |
ABU DHABI: The fatwa issued by the Islamic affairs authority cited a number of
Hadith about fasting on Ashura day. The day of Ashura (Muharram 10) will be
observed on Saturday (October 24) as the new Hijri year, Muharram 1, 1437, began
on Thursday (October 15), according to an edict issued here on Thursday by the
Centre of Fatwa of the General Authority for Islamic Affairs and Awqaf. The fatwa
issued by the Islamic affairs authority cited a number of Hadith about fasting on
Ashura day. "Fasting on the Ashura day is atonement for sins," said the dictum. | |
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