Indians topped the list of real estate buyers in Dubai
Foreign investors have made a healthy contribution of nearly Dh 22 billion (Rs 3602170 crore)/ in the realty sector of Dubai last year, and the Indians, by and large, play a key role in it. Indians have topped the list of real estate buyers in Dubai, and much of it can be attributed to the geographic proximity to India and a large non-resident Indian population residing in the city.
As per experts, for those in search of an investment destination to park their Rupees, the real estate market of Dubai serves as the perfect fitting. Furthermore, rates in many locations of Dubai are comparatively lower in comparison to certain cities of India and savvy investors have locked on the growth potential of investing in property now and reaping its benefits of capital growth and rental return later in the future. Add to it, all of such benefits can be reaped without any capital gains taxation.
Growth of Indian investors
The demand base for properties in the crown jewel of the Gulf-’Dubai’ has broadened from individuals to institutional players. Along with Indians, Pakistanis and Britons have scored the top three nationalities, which made property transaction in Dubai the previous year. Revived demand from national and foreign buyers on the lookout for Dubai property assets, has increased the interest of investors in the real estate market of the city.
As per market reports of the last two years, the realty sector of the city has been performing extremely well, strengthening its bonds and ties. On account of the robust economy of the city, the market has been able to rope in foreign buyers in bulk, registering its piked growth potential. Given the market research reports, Indians have purchased more than 2100 properties in the city that sums up to a value of Dh 3.75 billion.
Reasons for the growth of Dubai’s real estate market
Growth in investor’s confidence in properties in Dubai and greater transparency in deals, promising better quality and quantity, have all played a key role in doing the trick for realty sector of the city. Furthermore, as per buyer feedback, the lifestyle which Dubai offers via the second home ownership and the security guaranteed by the city are the two main driving factors of the real estate market.
Industry experts quote that Dubai is often mull over in the same page as London, when it comes to real estate investments by property buyers. Boasting of world-class infrastructure, Dubai is just two-and-a half hour flight from Delhi. Strong capital gains, lucrative yields, and a safe haven symbol has emerged as the key aspect that has ranked Dubai in the top global investment pick.
