Dubai seeks to draw more Indian property investors

The Dubai Property Show is set to run from December 7 to 9 in Mumbai.

The Dubai Land Department (DLD) has organised the 10th edition of the Dubai Property Show (DPS) in Mumbai with the participation of a number of developers.

The real-estate exhibition, which is set to run from December 7 to 9, was inaugurated by Mohamed Saleh Ahmed Al Jalah Al Teneji, Consul-General of the UAE in Mumbai, Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency, Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, and Majid Al Marri, CEO of the Registration and Real Estate Services sector at DLD.

This year's edition comes on the heels of exhibits in London and Shanghai.

Majida said: "The DLD has chosen the most important cities in the world to focus on its promotional agenda, considering several factors, most important of which is the record of investors in the Dubai real estate market."

She confirmed that according to DLD statistics, Indian nationals have consistently been the highest foreign investors in Dubai real estate. This year, 3,696 Indian investors pumped Dh8.17 billion into Dubai's real estate within the first 9 months, while Dubai real estate attracted investments worth more than Dh149 billion.

Salem Almoosa, chairman and general manager, Falconcity of Wonders, said: "Falconcity of Wonders, the developer of Falconcity in Dubai, continues its stride of the Dubai Property Show with the third destination, Mumbai. In recent years, Indian buyers have been one of the top 5 investors who see a lot of potential in Dubai's real estate."

P.N.C. Menon, founder and chairman of Sobha Realty, said: "Dubai has been a hotspot not only for businesses but for all sectors like tourism and real estate for the past few years. Investors will benefit from Dubai being a safe haven in terms of real estate investments."

- business@khaleejtimes.com