Dubai Property Show starts in Mumbai

Mumbai [India], Dec.10 (ANI-Newsvoir): After a successful run last year in Mumbai that raked in around INR 740 crores (AED 400 million) into Dubai realty, the three-day Dubai Property Show, has once again opened its doors to Indian investors.

The real-estate expo which started on December 9 at Bandra Kurla Complex (MMRDA Grounds) and will run until December 11, is open from 11 a.m.

to 8 p.m. every day. Organised by Sumansa Exhibitions in association with Government of Dubai's Land Department, the exposition is expected to attract about 5000 serious property buyers.

The exhibition was inaugurated by H.E. Dr. Ahmed Al Banna, UAE Ambassador to India, along with Bollywood icon Arbaaz Khan. The property extravaganza boasts of reputed property developers from Dubai, UAE, under one roof and promises to be a highly informative and valuable experience for Indians who have been the number one property buyers in Dubai for past several years.

Entry is free on all the three days of the show which also includes free seminars, exciting promotional offers and financing facilities.

"Dubai has become the hub of real estate and a favorite 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 a 110 percent increase in investment compared to what it was four years back", said Sultan Al Suwaidi of Sumansa Exhibitions, the organizers of the exhibition.

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." The educative seminars at the exhibitions will be held from 2 pm to 7 pm on all three days and would cover topics such as the benefits of property investment in Dubai for Indian buyers, Dubai Regulatory and Compliance Legal framework in the UAE, Advantages of investing in Dubai, How to maximize capital gains on Dubai Property investment with minimal risk, among others.

The Dubai Property Show will showcase a wide range of properties from lavish apartments to sprawling villas and from sophisticated townhouses to state-of-the-art commercial spaces.

Developers participating at the exhibition include prominent names such as, Emaar Properties, Dubai Properties, Binghatti Developers, Nakheel Properties, Damac Properties LLC, Deyaar Developers, Azizi Developers, Tamleek Real Estate (Kempinski Residence), SPF Realty and Tebyan among others.

Dubai will be the first Middle Eastern country to host the Expo 2020 and experts predict that there will be a growth of 35-50 percent in the region as an effect of the Expo.

Additionally, by cutting its dependency on revenues generated from oil which are now only 5 percent of Dubai's GDP and diversifying into other ventures and new markets, Dubai has flourished and came out as champion of planning and economic growth in MENA region.

The real estate market in Dubai offers an average yield of 7 percent, about 2-3 per cent above the average yield in International property markets, especially when compared to the modest yields that mature markets like London, Paris or New York offer.

The best performing areas of Dubai are generating up to 12 percent rental yield on average. The average rental yield in New York is only 3.91 percent, in London it is 3.21 percent, in Singapore it is 2.83 percent and in Hong Kong one will not get more than 2.82 percent rental income.

Masood Al Awar, Chief Commercial Officer, Dubai Properties, a leading real estate developer from Dubai, said: "Dubai has strong market fundamentals as the premier business hub and leading city of the region.

The Dubai government plans (Dollar) 6 to (Dollar) 8 billion of investments for Expo 2020 and DP works in line with the Dubai government to support the long-term plan for socio-economic diversification.

As the population is anticipated to grow at 5 to 6 percent for Dubai over the next two years and expected to reach about 3 million by the time it hosts the World Expo in 2020, DP anticipates increased interest in both residential and commercial real estate to supply this surge.

Offering a broad choice to investors across the full spectrum of the market, we enjoy a diversified customer base interested across multiple project categories from affordable to luxury." Dubai Land Department is the official sponsor of the show, while Dubai Properties, Al Marjan Island and Binghatti Developers are the Platinum, Gold and Silver Sponsors, respectively.

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Source: ANI