Dubai – Mubasher: Indians bought AED 83.65 billion ($22.78 billion) properties in Dubai in the last five years, according to statistics compiled by the Dubai Land Department (DLD) released on Tuesday.
Representing the largest foreign investor group in Dubai’s real estate sector, Indians' investments in the sector registered AED 15.6 billion in 2017, AED 12 billion in 2016, and AED 20 billion in 2015, the DLD’s report found.
“As UAE-India relationship strengthens, Dubai Land Department (DLD) also deepens its engagement with Indian economy to help create a win-win situation for all stakeholders,” head of the organising committee of Dubai Property Festival Dawood Al Shezawi commented.
Dubai Property Festival is a real estate business-to-consumer (B2C) sales event host various activities for knowledge-sharing, networking, and property transactions.
“We have put India in our global map of increased interaction and have been supporting the Indian Property Show in Dubai while also organising Dubai Property Show in Mumbai – the commercial capital of India,” Al Shezawi concluded.
