Indian nationals foreign investor group in Dubai real estate, bought properties worth 83.65 billion
According to sources the real estate industry in Dubai has become one of the most lucrative, transparent and secure property markets in the world. Meanwhile the Dubai Real Estate Regulatory Agency (RERA) presented a model of inspiration for Indian authorities to reform their own regulatory framework in 2016.
Dubai’s RERA currently offers the best protection for investors in the real estate sector. So much so, that property developers are deprived of the right to access investors’ money deposited in escrow accounts without permission from RERA. Moreover a surveyors’ site inspection and a progress report stated that this was a primary draw for Indian investors in Dubai.
Further Dubai offers 7-8% rental return per annum,
compared to 2-3% in most metropolises in the world, which means an investor,
could recover the entire investment in 12-13 years through lease or rent.
Moreover Dubai’s world class infrastructure, geographical location, frequency
of air connectivity and the emirates’ liberal socio-economic policies and
political stability make Dubai a natural choice for Indians to invest in their
second, third or fourth home.