General

Large Indian participation in Dubai property show this year

Author : NewsGram Desk

Dubai: There will be a huge Indian participation in the annual International Property Show that will be held in Dubai this coming April. The event organisers, Strategic Marketing & Exhibitions predicted it.

A total of 15 Indian companies, double the figure compared to last year, will be showcasing their projects and targeting the large Indian expatriate community of five million at the International Property Show to be held from April 11 to 13, Khaleej Times reported on Tuesday.

According to the organisers, Indians top foreign investments in Dubai's property market.

Between 2006 and 2015, India's investments ballooned to over 120 billion Dirhams ($32.6 billion) through more than 57,000 transactions surpassing the largest investor groups – British and Pakistani investors – both in value and number of transactions.

"The close relations between the UAEand Indian governments have created an ideal investment climate that boosts flow of funds in both directions, especially in real estate," Dawood Al Shezawi, the president of Strategic Marketing & Exhibitions, said.

He said the investors from India have a strong inclination to buy property in the UAE.

Meanwhile, Anurag Bhushan, Consul General of India in Dubai, said, "A total of about 26,000 Indian companies are operating in the UAE, and more than 20 of India's leading banks and financial institutions have established offices in the DubaiInternational Financial Center."(IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

AI Not Worth Pursuing Unless it Helps Humanity: Satya Nadella

India Women’s Team Refuses Asia Cup Trophy From Mohsin Naqvi; BCCI Reaffirms its Firm Stance

Dhiraj Bommadevara becomes first Indian Man to Win Archery World Cup Final

Democracy Meatballs: Why IKEA is the Place for Swedes Abroad to Vote

DRC’s Cobalt Exports Contain Unreported Uranium – Our Study Estimates The Global Nuclear Risk