Second Edition of Dubai Property Show to be held in BKC from 9th to 11th December
New Delhi [India], Dec 5 (ANI-NewsVoir): After an overwhelming response from the Indian market in 2015, Dubai Land Department in partnership with Sumansa Exhibitions once again brings to you the Dubai Property Show.
The exhibition will be held from 9th to 11th December 2016 in the commercial heart of Mumbai city at Bandra Kurla Complex (BKC- MMRDA Grounds) and will be inaugurated by H.E. Dr. Ahmed Al Banna, UAE Ambassador to India and Bollywood actor Arbaaz Khan. The inaugural edition of this realty expo in 2015 attracted over 6000 visitors and raked in approximately AED 400 million into the real-estate market of Dubai.
The strengthening of bilateral relationship between both the countries on the economic and political fronts makes Dubai one of the most favorable investment destinations for the Indians. The Dubai Property Show will have more than 30 leading developers from UAE and aims at bringing Dubai real estate experts, developers and consultants all under one roof for seamless interaction with the potential investors.
Free seminars by qualified professionals will be conducted at the event to educate investors about investing in property in the UAE, upcoming hotspots and financing. Free legal services will also be available to help visitors understand legal matters related to UAE real estate laws, rules and regulations, new purchases and tenancy laws. H.E. Sultan Butti bin Mejren, Director General of the Dubai Land Department (DLD) said: "The Dubai Property Show takes the Emirate's finest real estate developers directly to the door steps of serious buyers. The platform seamlessly brings in the right visitors, while we, along with Sumansa Exhibitions, provide developers the opportunity to create business which they had been missing. Indians have long since understood the worth of Dubai real-estate as an investment haven since it gives them a very lucrative value for the money."
"This demographic is extremely important for the Dubai market, providing a key investment group. In 2015 the number of Indian Nationals investing in Dubai reached a highly significant figure of 9,748 people, with combined purchases reaching a staggering total value of 22.84 billion Dirhams. So far in 2016 we have seen the amount of investors reach 3,656 who have together spent 7.27 billion Dirhams. The value of the Dubai market is greatly understood by this segment, who understands how it provides highly profitable returns on rent," added H.E. Sultan Butti bin Mejren.
The Dubai Property Show will showcase a wide range of properties from lavish apartments to sprawling villas and from sophisticated town houses to state-of- the-art commercial spaces. The show will bring affordable luxury with apartments starting at just Rs. 82 lakhs and villas at Rs. 2.5 crore. Commenting on their second exhibition in Mumbai, Asanga Silva, Deputy General Manager, Sumansa Exhibitions said: "India is home to more than 14,000 multi-millionaires whose sharp, intuitive business sense pushes them to explore lucrative ventures globally. Indians consider Dubai as their second home. Close proximity to India, lower interest rates, lucrative rental yield ranging from seven to percent percent annually, security, tax-free returns on investments of around 20 percent, 50 percent leverage, attractive payment plans, regulated market are key driving factors for Indian investments into the Dubai property market."
Masood Al Awar, Chief Commercial Officer, Dubai Properties, a leading Dubai developer said, "Dubai is the top performing investment location for real estate and over the years, Indian investors have continued to view the Emirate as an appealing platform to fulfill their investment needs. Our participation in this year's Dubai Property Show highlights our role in leading the development drive across Dubai with a broad choice for end-users and investors in residential and commercial real estate, across the full spectrum of the market – from luxury high-end products to more affordable offerings. Dubai Properties enjoys a diversified customer base spanning across different nationalities and Indian investors are a very important target group for us both from within the UAE and abroad."
According to data from the Dubai Land Department (DLD), released by its Real Estate Research and Studies Department, total investment transactions for the first half of the year 2016 reached Rs. 10,2,000 crore (USD 15 billion) from 26,000 investors made up of 149 different nationalities. In terms of expat investors, after Indians, British citizens were the second biggest group of purchasers of property, splashing out Rs. 7,344 crore (USD 1.08 billion) through 2,010 transactions.
Indians top the list of foreign nationalities' share at Rs. 13,600 crore (USD two billion) in the first six months of 2016 alone. In 2015, Indians invested Rs. 37,060 crore (USD 5.45 billion), which was a rise of 10 percent from 2014. As Mumbai gears up to witness one of the biggest realty expo, the visitors and investors will get an opportunity to observe the Dubai's real-estate market closely, make informed comparisons and address their concerns before closing the deal. Moreover, the event will be hosting a number of free seminars for visitors' benefit, guiding them on topics such as Property Investment, Legalities and Financing. (ANI-NewsVoir)