Indians bought property worth Rs.42,000 cr in Dubai

Indians purchased property worth Rs.42,000 crore in Dubai between January 2016 and June 2017, continuing to be the most prolific among foreign realty investors in the Emirates. According to the Dubai land department, Indians had invested Rs.30,000 crore in Dubai's real estate in 2014.

A study by Dubai Property Show has revealed that apartments are the most popular choice for desis, comprising 33% of the purchases. Villas (17%) came next, with commercial property (9%) and land (6%) being the other preferred investments. According to the study, most (88%) Indians look to invest between Rs.3.24 crore and Rs.6.5 crore.

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