Favorable conditions increase investor interest in Dubai
In less than 40 years, Dubai has transformed from a local trading community into one of the most ins...
In less than 40 years, Dubai has transformed from a local trading community into one of the most inspirational, exciting and successful cities in the world. It continues to make global headlines as an immensely attractive destination for tourists, investors and businesses alike.
With recent economic changes in India and lack of incentivized benefits for investments, especially in the real estate sector, Indian investors are looking for alternate means of achieving higher returns on investments from different avenues. As such, they are setting their sights on Dubai. Due to its diverse population and cosmopolitan lifestyle, Dubai offers its residents and businesses a unique environment enriched with hundreds of cultures and a quality of life and work unrivalled in the Middle East. This encourages potential and lucrative investment opportunities from around the world, especially India.
The recent visit by Sheikh Mohammed bin Zayed, the Crown Prince of Abu Dhabi to India has only made the existing ties stronger between the nations with key issues like cooperation in the areas of trade and investments, expanding the bilateral cooperation and new areas under the strategic partnership, defense and security being addressed. Hence, Dubai remains one of the most sought-after property destinations for investors all over the world. It also has its irresistible appeal as a city offering safe, secure, peaceful and most modern lifestyle environment.
The Dominance of Dubai
Advantages of Dubais real estate market:
Current Indian Market Scenario
Given the recent developments in the Indian economy, the repercussions have lowered sales for the Indian real estate sector. According to recent reports, the second half of 2016 saw a 23% fall in in sales volume and 46% drop in new launches. Post demonetization, and the latest announcement of the economic survey report, Indian investors who would wish to invest in second homes or invest their recently converted old money to new money, seem to have limited lucrative options of achieving higher returns in India.
Why Indians invest in Dubai
Mr. PNC Menon Chairman & Founder, Sobha Group says, Dubai has been a hotspot not only for businesses but for all sectors like tourism, real estate, etc., for the past few years. Dubai is considered a viable international hub because of its consistent and steady economic growth, good infrastructure, city planning and ease of access to the rest of the world. Its inviting and inclusive culture and tolerance for multiple nationalities is welcoming and beneficial for residents and businesses alike. Investors will benefit from Dubai being considered the most sustainable city in the region and a safe haven in terms of real estate investments. With prime properties developed in Dubai by Sobha, it has earned recognition for great quality as the number one brand in India (source: Track2Realty Brand X Report 2015-2016) and one of the top real estate companies in the Arab world (source: Forbes Middle East).
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