The real estate industry in Dubai has continued to boom and has increasingly attracted investors from different parts of the globe. Indians have reportedly invested almost $2 billion in the real estate industry of Dubai and this figure is just for the first half of this year. According to the data presented by the government of Dubai, the Indians were the most prolific and active foreign investors during the first half of 2015. The Indians closed in deals of about 3,017 transactions which are worth more than $2 billion. This report came from the president of the Sumansa Exhibitions.
Sumansa Exhibitions typically organizes property expositions. The company will be bringing the Property Show in Dubai to India in November. The Indians have the mindset of solidifying their assets in different arenas and this particular drive compliments the dynamics of the real estate industry which Dubai offers. The Dubai property segment offers various options in order to accommodate the budget of their clients and the client preferences. They cater to the distinct needs if their clients as well. The recent trend in purchasing properties in Dubai is in locations like Dubai Marina, Jumeirah Lake Towers, Downtown Dubai and the Palm. This trend suggests that buyers are now looking for profitable dividends in the form of rental revenue and resale value.
The president of the exposition said that the data showed that India tops the foreign property investment list. This is a position that they have grabbed and maintained for several years now. He said that the growing increase of Indian buyers in Dubai is most likely due to the lower property rates in the city compared to the metropolitan areas in India. The interest therefore for foreign buyers have escalated in order to maintain balanced real estate portfolio. There also has been a recent move by the RBI which allows investors to send up to at least $2.5 million free overseas to buy properties. This has also boosted the sentiment of the Indian buyers.
Wherever you go, the property sector has continuously been booming and has been picking up since the global financial crisis. In UK and other parts of Europe, the real estate property is also improving and different businesses are profiting from it. Those who contract or sell suspended ceilings Bedfordshire are also gaining from such trend.