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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.

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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