Indians lead international appetite for UAE property

Indian investors continue to lead international appetite for UAE property.

According to the Dubai Land Department, investment in the emirate’s housing market hit AED 91 billion last year, from 55,928 investors. Indian nationals were the biggest group, both in terms of volume and value – 6,263 Indian buyers spent AED 12 billion on UAE real estate in 2016.

Gulf investors made up AED 35 billion of the total spent in 2016, ahead of Saura Arabian buyers (AED 8 billion), Pakistani investors (AED 4.4 billion). British investments amounted to AED 5.8 billion from 3,372 buyers.

The figures arrive as the International Property Show prepares to cater to Indian investors this April. The 13th edition of the event kicks off on 2nd April at the Dubai World Trade Center.

“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. In addition, many Indians find Dubai as their base for business between India and the wider Europe and Middle East,” says Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organisers of the International Property Show.

“This year’s edition of International Property Show will have some of the best properties on offer, allowing serious Indian buyers to make deals and agreements right at the show,” adds Al Shezawi, who notes that rents and resale profits are high on Dubai property, with the proximity between the two countries making it particularly appealing for Indian investors.

Over 200 exhibitors from 50 countries are expected to participate in the event.


4,000 Indian buyers visit Dubai Property Show

14th December 2016

The Dubai Property Show attracted over 4,000 visitors in Mumbai this weekend, as Indian investors continue to play an active role in the emirate’s housing market.

The event, which took place at the Bandra Kurla Complex in Mumbai, ran from 9th to 11th December 2016. It was the second time the property show travelled to India to cater to a captive audience and the organisers have hailed a “phenomenal response from series property buyers and investors”.

Indeed, Indian property investors are expected to increase their spending overseas in the coming years, with Dubai at the top of their shopping list.

H.E. Majida Ali Rashid, Assistant Director General, Head of Real Estate Investment Management and Promotion Center, the investment arm of Dubai Land Department, Government of Dubai, said in a statement: “We are glad to be able to bring Dubai’s real estate at the doorstep of Indian investors. It is encouraging to see the kind of response that the exhibition has got in the last 3 days. Indians have been the top investors in the real estate sector of Dubai for years and we are very positive about taking our ties with India to the next level. With this success for the second consecutive year, we are motivated to bring the 3rd edition of the Dubai Property Show to India in the next year as well.”

4,094 people in total attended the event, looking at the developments on display and also attending seminars on topics such as the benefits of property investment in Dubai for Indian buyers, Dubai Regulatory & Compliance Legal framework in the UAE, Advantages of investing in Dubai and How to maximize capital gains.

Masood Al Awar, Chief Commercial Officer of Dubai Properties, a developer and platinum sponsor of the show, comments: “Dubai has always been a preferred investment destination for Indians. Indians have been the most prolific investors in the realty sector of Dubai for years. We are happy to be a part of a show which helped us connect with the right people under one roof. The investors expressed keen interest in our projects and we are positive about getting good number of conversions from the leads generated in these 3 days. Exhibitors included Emaar Properties, Nakheel Properties, Damac Properties LLC, Deyaar Developers, Azizi Developers, Tamleek Real Estate (Kempinski Residence), SPF Realty, and Tebyan.


Indian investors to expand reach in 2017?

12th December 2016

Indian investors may expand their overseas reach in 2017, according to one expert’s forecast.

Ray Withers, CEO of investment specialist Property Frontiers predicts that India’s influence will grow in the coming year.

“Our client database reveals a growing share of Indian investors contending with their Chinese counterparts as the dominant group of family buyers casting a wider net for safe havens overseas,” he comments, as part of his forecast for 2017. “Though the UK has not lost its appeal, we might expect to see them target regions closer to home as traditional Western markets start to feel more volatile.”

Indeed, Indian investors have long been established as a major player in the UAE real estate market, with developer Nakheel reporting that 11 per cent of its customers are now from India. They have bought almost 4,500 properties in Dubai, with a combined value of over $2.5 billion. In the first half of 2016 alone, they spend $2 billion on Dubai property.

Last weekend, the company headed to Mumbai for the Indian branch of the Dubai Property Show to woo more investors, particularly with its new Palm 360 hotel.

Sanjay Manchanda, CEO of Nakheel, said in a statement: “The Dubai Property Show is the perfect platform from which to expand our already-strong Indian customer portfolio by highlighting the supreme investment opportunities that Dubai has to offer. Dubai’s excellent transport, education, trade, tourism and recreational facilities entice millions of people to live, work and spend leisure time in the emirate. As the city continues to grow, so does the need for more accommodation and attractions for residents, tourists and business people, meaning more new and lucrative opportunities for would-be investors. We look forward to capturing their attention at the show with a diverse range of projects, including our very latest creation, Palm 360.”

Withers’ forecast also looks at other far-flung markets.

“In Asia, Indonesia and Vietnam are making encouraging moves to attract foreign investors, and boast the economic growth to back it up,” he comments. “2017 will be crucial for testing how well these new rules work in practice, and early birds who plan appropriately could catch the juiciest worms.”

“China might decide to employ state intervention for the forces of good to re-jig its land imbalance and loosen the notoriously prohibitive hukou residency permit system,” he continues. “This would allow demand and supply to better align and let some steam out of the Chinese property market’s swelling paper lantern.”