The Dubai property show, which made a successful impression in London earlier this year, was successful in creating a similar impression in Mumbai. Organized by Sumansa between 6th to 8th November at the Bombay Exhibition Centre, the property show showcased Dubai’s lucrative real estate investment opportunities to Indians investors.
DLD is the official sponsor of the event and other participants that have participated include Emaar, Nakheel, Dubai Properties, Deyaar, Falconcity of Wonders, Al Hamra Real Estate Development, Select Group, Tebyan, Meydan Sobha, Damac Properties, Jumeirah Golf Estates, Dubai Sports City, Kleindienst Group, Tamleek Property Transfer and many more.
According to Dinesh Ramchand, MD & Founder, Riveria Global, “the property show has offered a huge platform to Dubai developers to lure Indian investors. The results are conspicuous in the number of investors attending the show.”
Dubai has been a favorite property destination for Indian investors. With an encouraging and lucrative market, Dubai has become the hub of real estate. The appeal of investing in Dubai property is further intensified by the fact that Dubai’s real estate comes without capital gain tax and rental tax. Due to this, Dubai’s real estate is one of the most preferred property destinations by foreign investors including a majority of Indians.
The property show has already gathered a huge interest among the India’s business and financial circles. It has attracted around thousands of buyers and over a huge base of top-class developers from the UAE. It is a platform which provides enormous exposure to the property investors as well as individuals.
As per Sultan Butti bin Mejren, Director General of DLD, “India is an enormous economic and demographic power at the global level, experiencing high growth rates that contribute to the rise of the middle income group in the community. This means a greater search by such emerging groups for nearby investment destinations.”
This 3-day grand event has attracted thousands of India’s leading property investors, creating huge opportunities for real estate developers from Dubai. By participating in large numbers, Indian investors have shown tremendous interest in Dubai’s property market.