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Dh3.1b worth of construction contracts announced in last three weeks.
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"Many Indians are travelling to the Gulf and Middle East for business and for leisure."
According to September 2015 STR Global Construction Pipeline Report, with 19,719 rooms in 67 hotels under construction, Dubai sustained its edge over other three key markets with more than 5,000 rooms under construction.
Distressed properties are rare, since less than five per cent of Indian borrowers default on their obligations for periods long enough to warrant a bank auction.
JLL report says Abu Dhabi real estate market remains stable in Q3 but warns of a slowdown in government domestic spending and a reduction in transactions.
Any area, where there is infrastructure spending or is the subject of touristic attractions, such as the iconic new structures that are coming up around Dubai, will see the return of investment in terms of capital appreciation if bought now.