Indians Invest Dh8,840 Mn in Dubai Real Estate Market In 2018
Indians have emerged as the top investors in Dubai’s real estate market. According to data released by the Department of Real Estate Studies and Research, Dubai Land Department, Indian foreign investors have infused over Dh8840 million (Rs 16,800 crore) in the first nine months of 2018. According to the data released by the DLD, around 3,700 Indian investors made more than 4,400 real estate transactions in Dubai during this period.
The consistency of the Indian buyers in global city’s realty market is riding high on the back of Dubai’s strategic location, rental yields and high investment potential along with regulations and capital appreciation which makes for a convincing proposition. Indians remained the top investors in 2017, too, with their investments accounted for over $ 3.2 billion or Rs 22,584 crore.
Dubai is considered to be home away from home given the easy property buying process and growth opportunities in the economy. There have been many Indians who have contributed to the economic growth of the country and have invested in the business while living in Dubai.
With the strengthening in oil prices, the economic prospects of Dubai are getting better with time and the investors who understand that investing in Dubai can bring them windfall gains in the long run are now making the moves.
Meanwhile, the Dubai authorities have been welcoming the Indian investors, providing them with required support and assistance in making the investment transactions smooth and hassle-free. Notably, the DLD has been quite focussed on the deployment of technology in real estate. It has taken noticeable steps to make the key consumer processes online. Recently, the authority made the Ejari registration process online. A number of applications, including those for applying water and electricity connection with Dubai Electricity and Water Authority (DEWA) have been made online.
Dubai is considered to be home away from home since it has inculcated trust amongst the Indians who believe in the system and see growth opportunities in the economy of the country. There have been many Indians who have contributed to the economic growth of the company and have invested in the business while living in Dubai.