DPS registers 24 per cent higher visitor footfall
DUBAI: The third edition of Dubai Property Show (DPS) in Mumbai successfully concluded in India. Dubai Land Department’s lagship event registered visitor footfall of 5108 people and generated enquiries worth Dhs1.8 billion.
“Indians truly understand the worth of property investment and that’s why they are always enthusiastic about this asset class. The exhibition received a very encouraging response and surpassed expectations in terms of visitor footfall and even the business enquiries. This year the footfall was 24 per cent higher than last year and even the enquiries generated increased by Dhs600 million.
This only strengthens our ties with India and the trust of Indians that they have shown in Dubai as an investment destination”, said Majida Ali Rashid, Assistant Director General, Dubai Land Department.
“We are already excited about our next show in India next year and believe Indians will continue to remain the number one NON-GCC property buyers of real estate in Dubai. They are indeed the biggest contributor to the Dubai growth story”, added Her Excellency.
“Overall, Indians have invested Dhs126 billion so far in all these years into Dubai realty. Indians are looking at proitable dividends in the form of rents, resale value and other beneits. Investors here enjoy no lock-in period with no capital gains tax and no property tax, buyers also want to secure assets ahead of the Expo 2020 boom”, said Majid Saqer Al Marri, Senior Director, Real Estate Investment Management and Promotion Center, Dubai Land Department (DLD).
Khalid Bin Kalban, Managing Director and CEO of Dubai Investments said, “Dubai Investments had a successful participation in the Dubai Property Show in Mumbai, with lots of encouraging enquiries and interest for its Mirdif Hills and Green Community DIP projects.
The company is conident that this will have positive impact on future investments by Indian investors in its real estate projects, amidst emerging trends in the property sector and surging growth potential in the run-up to Expo 2020.”
DLD’S flagship event generated enquiries worth Dhs1.8 billion.