Indians topped the list of new investors in Dubai properties

[Buy-Sell-Rent]

The Indians topped the list of new investors in Dubai properties and conducted 927 transactions worth 2.1 billion dirhams. This represents 16% of the overall value of transactions carried out by new investors.

Indians have topped the list of first-time property buyers in Dubai last year, having bought properties worth 2.1 billion dirhams (Rs 292 crore), Dubai Land Department data has revealed.

While it did not mention the nationality of the second largest investors, the department said the UAE nationals came third, having invested 1.575 billion dirhams (Rs 219 crore).
According to the department, the 'new' money flowing into the Dubai property market last year totalled 13.13 billion dirhams (Rs 1,825 crore).

Meanwhile, Asian investors formed 68% of the overall number of investors in the sector, with the UAE nationals topping the list with 35% representation of the overall number of Asian landlords, followed by Indians at 20%.

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[neha]

Indian investors should not invest money outside India whether it is Black Money or White

[Ritu Watson]

Indians lived in Dubai do not buy property in Dubai as they know the actual value of the land over there.

Dubai is a very highly speculative market without any fundamentals. The ones who have black money in India are buying the properties there.

[Pruthvi Raj]

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[andrewsteyn]

Dubai is a very safe place to investing your properties. Dubai government provides best service, opportunities and attractive schemes to attract investors in their country. Small investors of Indian country mostly choose Dubai for their investment. Many Indians are invested in Dubai's commercial, industrial and condo business for earning lots of income.

[stevenchanel]

ndians living in Dubai, do not buy because they know the actual value of the land over there in Dubai property. Dubai is a highly speculative market with no basis. Those of black money in India's purchase of property.

[fabiandavis285]

Dubai is the best place for investing, as Dubai government offers a lot of facilities for the investors. So the Indians have chosen Dubai as their destination for investing.

[nelsonwilde]

If you purchased a rental house, and the backyard floods for 3 months in the spring, this could be a devastating factor. Share your thoughts on this.

[steavenkevinlee]

The only thing that you are selling in the call contact process is an appointment, and you only do that when you know that the person really does have a need. Protect your time and only meet with the right people that qualify as 'active' or 'interested' in commercial property.

[kylestrover]

Recently, it has seen that indian are more interested in investing foreign real estate business and the main reason for that is better ROI as compared to india and to gain tax benefits from foreign counties because foreign countries are always welcome such a investors.