Dubai Property Show
The second edition of the Dubai Property Show in Mumbai has received a very positive and enthusiastic response from the Indian property investors. The event that lasted from 9-11 December at MMRDA Grounds (Bandra Kurla Complex) was organised by Sumansa Exhibitions in association with the Dubai Land Department (DLD).
The three-day Dubai Property Show was inaugurated by UAE Ambassador to India, Dr Ahmed Al Banna along with Bollywood star, Arbaz Khan. The property exposition saw property exhibitions from a number of prominent property developers and real estate companies showcasing latest projects and offerings. The event attracted more than 4,000 real estate enthusiasts.
For a past few years now, Indian real estate investors have been investing heavily in the Dubai property market. In fact, Indian real estate investors come only next to UAE nationals when it comes to investing in the Dubai realty market.
Sultan Al Suwaidi of Sumansa Exhibitions, the organisers of the Dubai Property Show said, “Dubai has become the hub of real estate and a favourite property destination for Indian investors. The economy of this incredibly dynamic city is growing at a good pace. No property tax, strong economic growth, consistent innovation, development, safety, security, proximity to India and lucrative rental yields are some of the key reasons that have been constantly attracting Indians to invest in Dubai. Indians are the number one foreign buyers of real estate in Dubai and we have seen an 110 per cent increase in investment compared to what it was four years back.”
“We aimed at bringing the best real estate developers and consultants from Dubai under one roof and connect them with the right investors at the right time. Most of the visitors were upbeat about the show and there is a positive feedback from developers as well,” said Asanga Sliva, deputy general manager of Sumansa Exhibitions.
H.E. Majida Ali Rashid, Assistant Director General, Head of Real Estate Investment Management and Promotion Center, the investment arm of Dubai Land Department, Government of Dubai said, “We are delighted to participate in and support the second edition of the Dubai Property Show in Mumbai. This follows resounding success with last year’s edition in promoting Dubai’s real estate market, and its contribution towards attracting a greater number of Indian investors – who are amongst the most active foreign investors in the city. In the presence of Dubai’s largest real estate companies and joining a galaxy of experts at this exhibition, we provide a broader picture of significant sustainable investment opportunities. DLD also presents exclusive offers for investors wishing to enter Dubai’s real estate market.”
As per of the Dubai Property Show, a number of seminars on topics ranging from the Dubai regulatory and compliance legal framework to the benefits of property investment in Dubai were conducted to educate and attract more investors.
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