Dubai real-estate market is poised to scale further heights in the coming years on the back of investor optimism. Many Indians are keen on buying properties in Dubai as Indian expats make up for almost 40% of the city’s population.
Investment in Dubai is but a rational choice. Apartment rental returns in the city offer yields in the range of 7-12%.
The Dubai Realty Roundtable was held in Mumbai to discuss the current and future trends in Dubai realty sector and the opportunities it provides for Indian investors.
The upcoming Dubai Property Show is being held in Mumbai from 3-5 November, 2017 at Bandra Kurla Complex. The participants included Majid Saqr Al Marri, Senior Director Real Estate Investment Management and Promotion Center, Dubai Land Department; Sanjay Manchanda, Chief Executive Officer of Nakheel PJSC; Asma Dakkak, Research Manager at JLL; Vijay Sajjanhar, Chief Financial Officer, Dubai Sports City; Sandeep Jaiswal, Deputy Chief Executive Officer, Azizi Developments, Sajid Ali, Director of Sumansa Exhibitions, Rajendra L. Agarwal seasoned overseas property investor and Sanjay Sippy a renowned realtor from Sippy Housings.
Majid Saqr Al Marri, Senior Director, Real Estate Investment Management, and Promotion Center, Dubai Land Department said:“Indian investors made 10,628 transactions worth more than Rs. 36,040 crores in Dubai property between January 2016 and the end of June 2017.
Asma Dakkak Research Manager, JLL added: “For Indians, the hotspots in Dubai are locations such as Jumeirah Lakes Towers, Palm Jumeirah, Downtown Dubai and Dubai Marina, among others, reflecting their penchant for class and luxury. If we see the average ticket size for prime locations in Dubai, it is approx. between Rs. 2.66 crores to Rs. 7.15 crores.
“Overall, Indians have invested Rs 1.1 Lakh crores in last 3 years into Dubai realty, said Sajid Ali, Director Sumansa Exhibitions, organizers of property shows across the world and part of the upcoming Dubai Property Show in Mumbai.