Property show heads to Mumbai

Indians made 10,628 transactions worth Dh20.4b in Dubai property in 18 months

Dubai Land Department is taking its Dubai Property Show to Mumbai for the third year running.

Indian citizens have long been the largest non-GCC buyers of Dubai property, the Land Department said in a press statement. Land Department director-general Sultan Butti Bin Mejren said, “Indians have long since understood the worth of Dubai real estate as an investment haven as it gives them a very lucrative value for money.”

Asanga Silva, deputy general manager, Dubai Property Show, added, “Indians consider Dubai as their second home, and for a good reason. In terms of population, they form the highest expat nationality in the emirate, significantly contributing to the UAE’s economic growth.

“Tourism-wise, Indian tourists are now the largest source market for Dubai, driven by the fact that many Indians have relatives and friends living in the emirate. Given the strong ties, it is only natural that when it comes to investing their money overseas, Indians consider Dubai as a practical option.”

Land Department figures show in the 18 months between January 2016 and the end of June 2017, Indian investors made 10,628 transactions worth more than Dh20.4 billion in Dubai property. The Mumbai event will run from November 3 to 5.