FINANCIAL NEWS

Indians spend USD1.9bn in Dubai’s property market

19 Dec 2016

(MENAFN) Indian’s are the major foreign property buyer in Dubai, while they spent almost USD1.9bn on property in Dubai in the first half of this year.

Meanwhile, in the past four and a half years, Indian buyers of residential and commercial real estate in the country reached USD22bn.

Furthermore, for wealth managers in the area, Indian investors are a key client segment, which could become more numerous.

While the average rental yields are less than 3 percent in India and almost 4 percent in London and Hong Kong, yields in the UAE differ between 6-10 percent.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more