7 good reasons for Indians to buy property in Dubai

7 good reasons for Indians to buy property in Dubai
Indian top list of expatriate buyers in Dubai’s realty market
By 24/7 news
Published Thursday, November 05, 2015

Indians to buy property in Dubai

Indians have been investing billions of dirhams in Dubai’s real estate market for years now, assured of higher yields, capital appreciation and a status symbol of being part of the world’s most dynamic city.

In the first nine months of 2015, Indians have invested Dh713billion, topping the list of expatriate buyers in Dubai’s realty market, with Emirates 24/7 calculations putting the figure at Dh57 billion since 2012 to September 2015.

Read: Expats buying Dubai property: Indians Dh13bn, Britons Dh7bn, Pakistanis Dh5bn

For the first time, 35 property developers such as Emaar Properties, Nakheel, Dubai Properties, Deyaar Development, Meydan Sobha, Damac Properties, Jumeirah Golf Estates, etc., are going to Mumbai from November 6 to 8 to showcase their products under one platform under the Dubai Property Show.

“The characteristic Indian mindset of solidifying assets in multiple arenas compliments the dynamics of Dubai real estate that offers a number of options to buyers to accommodate their budget and preferences. Recent trends of purchasing properties in locations such as Downtown Dubai, Dubai Marina, Jumeirah Lake Towers and The Palm also suggest that the buyers are looking at profitable dividends in the shape of rents and resale value,” said Sumansa Exhibitions President Sunil Jaiswal.

Here are reasons why Indians should look at buying a property in Dubai.

1 # Cheaper prices

Property prices in Dubai have declined in 2015 driven by slowing sales volume. But experts say time is right for investors to buy property here as they stand to get good bargains on ready as well off-plan properties. According to Knight Frank, $1 million buys just 96 square meters of land in Mumbai, while the same amount fetches 145 square meters of property in the emirate.

2 # Lucrative yields

Rental yields in India range between 2 and 3 per cent, while Dubai offers a high rental return. Falling prices make the investment lucrative, as rentals have remained stable with influx of residents. Yields range from seven to eight per cent even after paying service charges on the unit.

3 # Assured capital gains

Prices in Dubai may be dipping, the UAE is among the fastest growing economies in the world. Dubai is working on mega infrastructure projects and is the host city for Expo 2020, which will lead to influx of visitors. Experts believe capital appreciation in the run up to 2020.

4 # Tax-free return

One of the prime incentives for investors here is that there is no tax on rental income, while in India one has to pay tax on rental income. Thus the tax-free status and easy repatriation policies makes it profitable for Indians to buy and rent the unit.

5 # Save and secure

The UAE is among the safest and most secure countries in the world. The emirate has business-friendly laws and allowing investors to set up companies in just few days. It has been investing billions of dirhams to upgrade the infrastructure of the city.

6 # Tourist destination

Dubai has one of the best skylines in the world. It is home to Burj Khalifa, the world’s tallest tower, where a number of Indians own apartment. With an expected 25 million visitors by 2020, property owners are allowed to lease their units, after taking permission from Dubai’s Department of Tourism and Commerce Marketing, as holiday homes, boosting return on investment.

7 # Proximity to India

Finally, Dubai’s geographical location is another major reason for Indians to come to the emirate. It takes mere 150 minutes to reach Mumbai, India’s financial capital and three hours to reach New Delhi, India’s capital. Emirates, Etihad, Air Arabia and Air India offer seamless connectively to number of destinations across India.

Posted on November 5, 2015 in Dubai news, Property, Real Estate

Share the Story

About the Author

Leave a reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Back to Top