Indians bought AED 12 billion worth of real estate in the emirate in 2016, attracted by “the UAE’s safe-haven status and stable economic growth”.
- Investors from India bought and spent the most on Dubai real estate last year
- Transactions totalled AED 91 billion in 2016, with over 13% of this total coming from Indian buyers
- High returns, its close proximity to India and transparent property market have been cited as just some of the factors that continue to attract Indian buyers to the emirate
Indian investors’ love affair with Dubai real estate continued in 2016.
No single other country could boast as many Dubai property investors as India last year, according to the latest figures published by the Government of Dubai’s Land Department (DLD). AED 12 billion was spent in the emirate by Indian buyers, just over 13% of the AED 91 billion spent on Dubai property in total in 2016.
India’s close proximity to Dubai is just one of a number of reasons experts believe the emirate is popular among Indian buyers. High returns, a transparent market and the UAE’s strong, stable economy are also cited as key factors why Indians choose Dubai when investing overseas.
Dawood Al Shezawi, CEO of Strategic Marketing & Exhibitions, organizers of Dubai’s International Property Show, explained: “The UAE’s safe-haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai.”
“The profits on properties in Dubai in the form of rents and resale are high. The Dubai realty market has everything on offer – from high-end luxury to affordable housing, making it a perfect destination for Indian investments.”
In addition to Indian buyers, over 12,000 investors from across the GCC spent AED 35 billion, while buyers from Saudi Arabia bought AED 8 billion worth of Dubai real estate.