Date(s) - 09/12/2016 - 11/12/2016
News Point: Dubai Property Show, which showcases Dubai real estate to Indian investors, will return to Mumbai, India, this year in December, 9-11.
The exhibition of Dubai Property Show is organised by Sumansa Exhibitions in partnership with Dubai Land Department. The exhibition, which will be held at the Bandra Kurla Complex (BKC), Mumbai, from December 9 to 11, will once again showcase Dubai‚Äôs premium properties catering to a wide range of budgets.
The interactive event brings together some of the biggest players in the emirate‚Äôs realty market under one roof, with properties ranging from budget to luxury apartments to villas to beach properties to furnished apartments and commercial properties.
Sultan Butti bin Mejren, Director General of the Dubai Land Department (DLD), said, ‚ÄúThe Dubai Property Show takes the emirate‚Äôs finest real estate developers directly to the doorsteps of serious buyers.‚ÄĚ
The platform seamlessly brings in the right visitors, while we, along with Sumansa Exhibitions, provide developers the opportunity to create business which they had been missing. Indians have long since understood the worth of Dubai real estate as an investment haven since it gives them a very lucrative value for the money.
‚ÄúThis demographic is extremely important for the Dubai market, providing a key investment group. In 2015 the number of Indian nationals investing in Dubai reached a highly significant figure of 9,748 people, with combined purchases reaching a staggering total value of Dh22.84 billion ($6.2 billion).‚ÄĚ
‚ÄúSo far in 2016, we have seen the number of investors reach 3,656 who have together spent Dh7.27 billion ($1.98 billion). The value of the Dubai market is greatly understood by this segment, which understands how it provides highly profitable returns on rent,” added bin Mejren.
The exhibition will feature prominent real estate developers and consultants from Dubai and UAE. The bookings have already started and some of the confirmed participants include names such as DAMAC, Orion Real Estate, Seven Tides International, Herald Land, Morya Real Estate, Tanmiyat Global Real Estate Development LLC, Tamleek Real Estate (presenting Kempinski Residences), Seal Real Estate Registration Trustee and many more catering to various pockets and preferences.
Sultan Al Suwaidi, Sumansa Exhibitions said, ‚ÄúLast year we got an amazing overall feedback from visitors as well as the exhibitors so it made sense to return to Mumbai. The city is the prolific business hub of India and among the top 6 ‚Äėbillionaire cities‚Äô globally with around 30 billionaires and 2,700 multi- millionaires. Mumbai is also one of the world’s top 10 centres of commerce, and provides 70 per cent of capital transactions to India’s economy. Moreover, the connectivity between Mumbai and Dubai gives the arrangement a tremendous boost with multiple airlines flying between the two destinations on daily basis.‚ÄĚ
Typically, Indians have been the most prolific buyers of Dubai real estate in the past few years; as per the latest statistics by Dubai Land Department, the country tops the list of foreign nationalities‚Äô share at Dh7.27 billion in the first six months of 2016 alone. In 2015, Indians invested Dh22.84 billion, which was a rise from Dh22.70 billion in 2014.
Visitors at the exhibition will get an opportunity to observe the Dubai‚Äôs real estate market closely, make informed comparisons and address their concerns before closing the deal. Moreover, the event will be hosting a number of free seminars for visitors‚Äô benefit, guiding them on topics such as Property Investment, Legalities and Financing.