Jumeirah golf estates partners with SPF realty for upcoming strategic sales drive in Indian Marke

Leading Dubai real estate developer targets Indian investors; Jumeirah Golf Estates properties to be showcased during a private evening with key investors

Jumeirah Golf Estates, the host to the DP World Tour Championship and one of the Middle East’s most prestigious residential golf communities, announced today its partnership withSPF Realty, an award-winning SME100 real estate agency, ahead of a strategic sales drive targeting Indian property investors.

The news follows Jumeirah Golf Estates’ debut into the Indian market during the Dubai Property Show held in Mumbai last November. SPF Realty is set to organise a private event showcasing three of Jumeirah Golf Estates’ key developments in Delhi on the 27th of February 2016.

In the recent years, Indians have emerged as the largest group of investors in the Dubai property market. During 2015, it was estimated that Indian investment (totaling over Rs 30,000 crore) inDubai’s property market was almost twice that of the next biggest investor – the United Kingdom. Real estate investors from India have shown a marked preference for properties in Dubai, owing to its close proximity to India, as well as the rationalising of property prices in the region, and the hassle-free purchase procedures in Dubai.

“We are excited to meet discerning buyers from Delhi, who are very well aware of the benefits that owning property in Dubai offers, not only in terms of returns on investment but also in terms of quality of life. We are confident that SPF Realty, with its reach amongst the Indian investment community, is the right partner for customers from this country looking for world-class property options, whether it is a one bedroom apartment or a six bedroom villa”, said Yousuf Kazim, CEO of Jumeirah Golf Estates.

“As one of the few places in Dubai to be surrounded by nature, our properties provide an unforgettable experience for golfers with two world-class Greg Norman-designed golf courses, as well as residents seeking quality, luxury homes and a peaceful setting within easy reach of Dubai’s top attractions,” added Yousuf Kazim.

Attendees at the Jumeirah Golf Estates Roadshow will be treated to a presentation of the newest developments available for purchase at Jumeirah Golf Estates, including Redwood Avenue; 47 individually designed five and six-bedroom villas, Redwood Park; 75 three to four-bedroom townhouses and Alandalus; 674 affordable luxury apartments and 54 townhouses.

Ranjeet Chavan, CEO of SPF Realty, commented on the partnership with Jumeirah Golf Estates, “As experts of the Dubai real estate landscape, we are proud to bring this development to India and believe that this one-of-a-kind community is not only desirable for people who live in Dubai, but also represents a top choice for investors across the world.”

“The market fundamentals in Dubai remain strong with enhanced transparency, despite the changing market dynamics. Some key attractive points are Escrow account linked payments ensuring security and peace of mind; one of the lowest prices per sqft in the world; and tax-free capital gains or rental yields, among many others.

“India and specifically New Delhi is a key market for Jumeirah Golf Estates given the love of golf in the country. Delhi is indisputably the hub for golfing action, housing an avid and vibrant community of golfers and families. Besides it being a compelling investment in terms of mid to long-term appreciation, we also expect the rental yields to be in the range of 6-7%, which is exceptionally high by international standards,” added Kalpesh Sampat, COO of SPF Realty.

The Emirate’s property market has also benefited from the Reserve Bank of India’s move to increase the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. The bank now allows Indians to buy property abroad, hold shares or debt instruments, or any other assets or purchase gifts up to limit of $250,000 (Dhs 917,500) per person per year.