Mumbai, November 04, 2017: The real-estate market in Dubai, which is a magnet for Indian investors, is poised to scale further heights in the coming years on the back of economic prosperity, investor optimism, positive sentiment and growing faith in the industry, experts concurred.
As the emirate is getting ready for ‘World Expo 2020’, one of the largest international events to take place in the Middle East, industry gurus foresee tremendous opportunities for Indian investors across all sectors of real-estate, particularly in the residential and hospitality segment.
Experts predict that there will be a growth of 35 to 50 per cent in the region as an effect of the Expo 2020.
These and some other conclusions were drawn at the 1st Dubai Realty Roundtable held in Mumbai on Wednesday to discuss the current and future trends in Dubai realty sector and the opportunities it provides for Indian investors.
The roundtable was organised by the Dubai Land Department, just ahead of their Dubai Property Show being held in Mumbai from November 3 to 5, at the Bandra-Kurla Complex, in eastern suburb of Kurla.
Some other conclusions were that many Indians are keen on buying properties in Dubai as Indian expats make up for almost 40 per cent of the city’s population. Indians are quite at ease about investing in Dubai as it’s a home away from home.
With short and frequent flights from most Indian airports (more than 1,700 flights a month) and hassle-free visa availability, Dubai is an easily accessible destination for frequent travel for both business and recreational purposes.
For Indians, investment in Dubai is just like buying a property in Mumbai or Delhi, as returns on renting out an apartment in the city offer yields in the range of 7-12 per cent.
The round table, helmed by the opinion leaders of real-estate industry, charted the growth of Dubai realty industry, the prospects leading to World Expo 2020 and opportunities it presents to the Indian buyers.
United News Of India
