Dubai is becoming the first choice for buying property for Indians. In the last one-and-a-half years, Indians have purchased assets worth about Rs 42 thousand crore. According to a report released by Dubai’s Land Department, Indians are among top foreigners who invest in Dubai.
12 thousand crores increase from 2014: According to the report, there has been an increase of 12 thousand crore rupees since 2014. Each year, Indians invest 30 thousand crore to buy properties in Dubai. While the total sales in Dubai are around one lakh crore rupees. According to a statement issued by the Dubai Property Show, between January 2016 and June 2017 Indians had purchased assets of 42 thousand crore.
Indians have invested in thes: 33 per cent of Indians have invested in their apartments for buying apartments. There are 17 per cent in the villa, 9 per cent in commercial property, 6 per cent in land and 35 per cent in other places. The Indians who have invested here are mostly from Mumbai, Pune, Ahmedabad and Navi Mumbai.
88% people have invested 3.24 to 6.5 crores. At the same time, 8 per cent of the people have purchased properties of Rs. 65 lakhs and 3.24 crore. The rest have purchased property worth over Rs 6.5 crore.