Indian investors who live in Dubai have purchased properties worth AED 94.45 billion ($25.71 billion) within the emirate during the past six years, Al Khaleej newspaper reported, citing data by the Dubai Land Department (DLD).
Indian residents in the emirate represent the largest stake of foreign investors in Dubai’s real estate sector, according to official data.
In the same vein, the Dubai-based Danube Properties recently announced it has opened a sales and marketing office in Kochi, India.
It is worth noting that last week the Vice President and Prime Minister of the UAE and Ruler of Dubai Mohammed Bin Rashid Al Maktoum stated that a Higher Real Estate Planning Committee was formed in Dubai to achieve balance between supply and demand in the real estate sector within the emirate.
The Real Estate Planning Committee was established under the chairmanship of the Deputy Ruler of Dubai and membership of senior real estate developers Maktoum Mohammed Bin Rashid Al Maktoum.