From Bollywood to billionaires: Why Indian investors choose Dubai’s real estate market
With Bollywood stars Shah Rukh Khan and Sanjay Dutt, and billionaire Mukesh Ambani among a long list of investors coming from India, Dubai’s real estate market continues to enjoy a surge in interest from the subcontinent.
With Bollywood stars Shah Rukh Khan and Sanjay Dutt, and billionaire Mukesh Ambani among a long list of investors coming from India, Dubai’s real estate market continues to enjoy a surge in interest from the subcontinent.
Indian investors have been a driving force in the growth of Dubai’s real estate market. Last year, Indians accounted for 40 percent of all home purchases, with total investments almost doubling since 2021. This strong presence is fueled by a host of favorable conditions, from Dubai’s strategic location and political stability to its thriving economy and tax benefits.
The interest from Indian investors in Dubai’s real estate market is not a new phenomenon. Data from the Dubai Land Department shows that Indians have been among the top three nationalities buying properties in Dubai since 2004, having purchased real estate worth AED 83.62 billion from 2015 to 2021 alone.
And it will only get better from here. According to Deloitte’s ninth annual Real Estate Predictions report, pent-up demand from travelers and increased spending by residents led the post-pandemic recovery of Dubai’s real estate sector in Dubai. The average sales prices for residential property in Dubai increased by approximately 10 percent between Q3 2021 and Q3 2022. Average rents also increased by approximately 21 percent over the same period, and office rents have recovered to pre-pandemic levels, registering an increase of 12 percent at the end of 2022 over the same period in the previous year. Read more

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