Dubai Property Show Opens to Overwhelming Response in Mumbai
Monday, 13 November 2017 () · Indians have invested INR. 1.1 lakh crores in last 3 years into Dubai realty
· A townhouse in Dubai for 2 crores, apartment starts at INR 71 lakhs
· Mortgage options available at a low interest rate of 3.99%
Indians have by far remained the top buyers of real estate in Dubai, contributing a whopping sum of *INR 1.1 lakh crores *in last 3 years. Catering to the huge appetite of Indian buyers, *Dubai Property Show*, the annual property gala brings the latest offerings from the top-notch Dubai developers in its 3^rd show in Mumbai. The exhibition will bring end-users in India face-to-face with world-class developers from Dubai, with a wide range of property and flexible budgets. The event was inaugurated by Chief Guest *Mr. Sultan Mohamed Hamdan Bin Khadim, Charge d'Affaires of the Consulate of UAE *in Mumbai, India and popular Bollywood celebrity, *R. Madhavan *amidst much fanfare and anticipation among the investors.
*R. Madhavan; Mr. Sultan Mohamed Hamdan Bin Khadim, Charge d'Affaires of the Consulate of UAE in Mumbai; H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, Government of Dubai ; H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC [Left to Right]*
Being held at Bandra Kurla Complex (MMRDA Grounds), the 3-day realty exhibition opened on Friday, 3^rd November and will culminate on Sunday, 5^th November. Open from 11 am – 8 pm, entry to the exhibition is free.
*Mohammad Al Khayat, Vice President Commercial and freezone at Meydan Group; Omar Mesmar General Manager, Dubai Investment Park; R. Madhavan; Mr. Sultan Mohamed Hamdan Bin Khadim, Charge d'Affaires of the Consulate of UAE in Mumbai; H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, Government of Dubai; H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC; Naji Alia, Tebyaan Real estate [Left to Right]*
Dubai Property Show provides once-in-a-year chance for property buyers to get in-depth understanding of Dubai realty with direct interaction with all stakeholders. Through the educative and informational seminars at the show, visitors can learn about the Dubai property laws, real-estate outlook, benefits for buyers, ideal locations for investment, financing options, government regulations, and growth opportunities among other topics of interest.
“Last year the show witnessed 4094 visitors, generating enquiries worth INR 2100 crores. We are expecting about 5,000 visitors, and hoping to see as many inquiries as last time.This year we have some amazing projects on offer along with attractive payment plans, such as a post handover which gives you the option of paying post possession. In terms to pricing, one can buy a nice townhouse for just 2 crores, while investment in an apartment starts at Rs. 71,00,000”, commented *Himanshu Gupta, General Manager, Sales and Marketing, Dubai Property Show.*
“Banks are offering 50% finance for the property deal, where the interest rate is as low as 3.99%. I recommend buyers and aspirants to research thoroughly upon the payment plans, mortgage rates and make investment decisions with a clear strategy in mind. The show is here to offer a brilliant plethora of options for Indian home buyers in Dubai”, added *Himanshu.*
*H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, Government of Dubai, *said: “The very fact that this is our third outing to Mumbai is testimony of Dubai Property Show’s success. Over the years, Dubai’s real-estate has become a powerful tool of economic ties between India and the UAE, which we hope will continue to prosper. Dubai Land Department is proud to be partnering with world-class developers who are showcasing their properties in Mumbai, many of whom are repeat exhibitors. We are proud of the trust that Indians have put in us as a department and the UAE as a country, and are acutely sensitive to the responsibility that we shoulder in this regard.”
“Indians are major movers within the UAE’s dynamic real-estate scene, especially here in Dubai where they are drawn to the multicultural atmosphere and diverse real-estate offerings. The Dubai Property Show is a perfect vehicle for us to meet face-to-face with India’s top investors and discuss Falcon City of Wonders’ unique ‘World in a City’ proposition which compliments Dubai’s growth as a preferred global business, leisure and lifestyle destination,” said *H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC.*
“The real estate market in Dubai offers sustainable growth opportunities with high return on investments while the upcoming Expo 2020 mega event will provide property market a big boost”, said *Mr. Omar Mesmar General Manager, Dubai Investment Park, wholly owned by Dubai Investments.*
“A joint venture project between Meydan Group and Sobha Group, District One is in a prime location within the Mohammed Bin Rashid Al Maktoum City. Developed in three separate stages, the project is like nowhere else on earth, offering a low density residential community in the heart of an international city. It is close to all the major routes into the city, providing quick access to the Dubai International Financial Centre, Downtown Dubai, Dubai World Trade Center and Dubai International Airport”, elaborated *by Mr. Mohammad Al Khayat, Vice President commercial and freezone at Meydan Group.*
Participating companies include the likes of Falcon City of Wonders, Dubai Properties, Dubai Investments, Meydan Sobha as Platinum Sponsors, MAG Property Development as the Gold Sponsor, Tebyan Real Estate Development as the Silver Sponsor whereas Nakheel PJSC, Azizi Developments, Kleindienst Group, Creative Zone, Dubai Sports City, Bloom Properties, Tiger Properties, Seven Tides, Binghatti Developers and Deyaar Developments are the other exhibitors, Mashreq Bank joins as the Official Banking Partner, JLL as the knowledge partner and Seal Real Estate Registration Agent LLC as the Official Property Transfer Trustee among others.
For more information and to pre-register for the show, please log on to http://dubaipropertyshow.com/visitors/