Indians may dominate Dubai property show
The annual International Property Show to be held in April in Dubai, in the United Arab Emirates (UAE), will see a strong Indian participation, the...
Abu Dhabi: The annual International Property Show to be held in April in Dubai, in the United Arab Emirates (UAE), will see a strong Indian participation, the event organisers, Strategic Marketing & Exhibitions, have said.
A total of 15 Indian companies, double the figure compared to last year, will be showcasing their projects and targeting the large Indian expatriate community of five million at the International Property Show to be held from April 11 to 13, Khaleej Times reported on Tuesday.
According to the organisers, Indians top foreign investments in Dubai's property market.
Between 2006 and 2015, Indian investments ballooned to over 120 billion Dirhams ($32.6 billion) through more than 57,000 transactions surpassing the largest investor groups - British and Pakistani investors - both in value and number of transactions.
"The close relations between the UAE and Indian governments have created an ideal investment climate that boosts flow of funds in both directions, especially in real estate," Dawood Al Shezawi, the president of Strategic Marketing & Exhibitions, said.
He said the Indian investors have a strong inclination to buy property in the UAE.
Meanwhile, Anurag Bhushan, Consul General of India in Dubai, said, "A total of about 26,000 Indian companies are operating in the UAE, and more than 20 of India's leading banks and financial institutions have established offices in the Dubai International Financial Center."