Indian Nationals Again Emerge As Biggest Foreign Investors In Dubai Real Estate: DLD Report

Indians are increasingly climbing the ladder as foreign investors. As per the recent statistics of the Department of Real Estate Studies & Research, Dubai Land Department (DLD), Indians are the biggest foreign investors in Dubai real estate in the first nine months of 2018.

Seemingly expecting high returns, profits as well as to acquire properties, Indian nationals have already poured a staggering Rs. 16,800 crore in various realty projects in the emirate. DLD mentions that Indian nationals have consistently been the highest foreign investors since a while.

“We expected these numbers to pick up further at the upcoming DLD’s annual 4th Dubai Property Show (DPS) coming up in Mumbai from Dec 7-9,” a spokesperson told NDTV. “It will showcase exclusive Dubai real estate options with the participation of renowned developers such as Nakheel, Falconcity of Wonders, Sobha Realty, Geminit Property, and others.”

The report comes at a time when Dubai’s property market is still shaky. The prices in  Dubai residential real estate sank 7.4 percent in the third quarter of 2018 from a year earlier, with the drop accelerating from a 5.8 percent fall in the second quarter, ET Realty reported.  In fact, prices in Dubai have been falling quarter-on-quarter almost continually since the start of 2017 because of a worsening supply/demand balance.

Some of the factors that make Dubai real estate market an attractive avenue for Indians are as follows:

  • Strategic Location
  • High investment and rental yields
  • Capital appreciation
  • Availability of apartments, luxury houses, and villas at a much cheaper rate than Mumbai
  • Easy regulations
  • Acquiring a second home in Dubai
  • Familiar weather and close proximity to India
  • Fantastic growth opportunities
  • Increasing trust in the developers and system

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