Indians invested USD 2 billion in Dubai real estate in H1 2015
Q: As per Dubai government's data, Indians were the most productive foreign investors in the first half of this year, with a total of 3017 transactions worth more than USD 2 billion.
Hi Varun,
Easy and hassle-free commuting to the country for both business and recreational purposes and no impose 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
Yes, and because of that Indian buyers and investors are moving toward Dubai realty market. Recent trends of buying 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.
As per Sumansa Exhibitions President Sunil Jaiswal, Indians top the foreign property investment chart, a position they have consistently maintained for several years.
It is because the lower property rates in Dubai compared to certain metropolitan cities in India, interest in exploring foreign markerts for a balanced real estate investment portfolio and recent move by RBI allowing investors to send up to USD 250000 freely overseas to buy property has boosted the sentiment of Indians.