Dubai: The next real estate investment hotspot!

Dubai has become the real estate investment destination for the rich and the famous from all across the world. If you aspire to own a piece of this real estate investment hotspot, read on.

According to reports, real estate investments by Indians has reached Rs 42,000 crore in the last 18 months, which suggests that Dubai has been on the radar of real estate investors in India. In fact, Indians are the largest foreign investors in Dubai’s real estate.

Dubai has lured real estate investors from India in hordes due to many reasons. Dubai’s real estate offers attractive returns of 8-10 per cent tax-free, which makes it highly attractive. More importantly, property prices in Dubai are far less as compared to real estate prices in cities such as Mumbai and Delhi. As per reports, the property prices in central Dubai are as low as Rs 25,000 per sqft, which is much lower than the Rs 70,000-Rs 100,000 quoted for properties in central Mumbai or Delhi. The lower property prices and the prospects of appreciation in future makes Dubai an attractive proposition for investment in real estate.

The Reserve Bank of India’s annual remittance limit of USD 250,000 has also made it easy for investors to invest in property overseas. So, within a span of just two years, a person can repatriate an amount of USD 500,000 overseas and buy a prime property in places such as Dubai.

Also, transactions in the real estate sector in Dubai are high transparent, which makes it highly attractive for Indian investors. The proximity of Dubai from major metro cities such as Mumbai and Delhi is an added plus point.