Wednesday , August 15 2018

Dubai Property Show in Mumbai records 24% growth

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Dubai / Emirates Business

The third edition of Dubai Property Show in Mumbai successfully concluded in India. Dubai Land Department’s flagship event registered visitor footfall of 5,108 people and generated enquiries worth AED 1.8 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% higher than last year and even the enquiries generated increased by AED 600 million. This only strengthens our ties with India and the trust of Indians that they have shown in Dubai as an investment destination”, said HE Majida Ali Rashid, Assistant Director General, Dubai Land Department (DLD).
“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 AED126bn so far in all these years into Dubai realty. Indians are looking at profitable dividends in the form of rents, resale value and other benefits. 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.
HE Salem Almoosa, Chairman and General Manager of Falconcity of Wonders LLC, said “Indians have always shown great interest in FCW’s unique “The World in a City” theme and are also one of our top foreign investor groups. The positive response we received in terms of business enquiries during our participation at the 3rd edition of Dubai Property Show in Mumbai will further encourage us to remain committed to the Indian market and Indian property buyers by continuing to understand and cater to their real estate needs in Dubai.”
“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 confident 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 run-up to Expo 2020,” said Khalid Bin Kalban, Managing Director and CEO of Dubai Investments.

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