Indian Investors to Keep Faith in Dubai Real Estate - Developer
Indian investors will certainly continuously put their confidence in Dubai real estate in 2017 because the emirate's property market has a proven reputation for delivering long-term benefits, a designer claims.
Okbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development,says Dubai's standing as a safe haven genuine financiers remains intact and significant growths driving the economic climate are building investor rate of interest, specifically from India and the GCC countries.
The Dubai Land Department has actually reported that from almost AED 44 billion in foreign financial investment in Dubai property in 2015, Indian nationals led the way both in terms of quantity and value, with 6,263 investors making AED 12 billion well worth of residential property deals.
" Dubai has really solid web links, generally, with India, and the Indian market will remain a crucial one for Dubai property this year and past," said Abdulkarim, currently overseeing ARTAR's Mada Residences tower in Midtown Dubai.
" Indian investors understand, like and trust Dubai to supply and, like investors from across the Arab world and beyond, will be urged by the significant developments taking place in Dubai which will certainly assist own the economic climate."
The Dubai real estate market has made a strong begin to 2017, with the confirming transactions purchases worth AED30 Billion for the month of January.
Added Abdulkarim: "Dubai has built security from economic effects by producing a framework for business, investment and living, and by advertising all this to a globally target market over the last 20 years or even more.
" It is seen as a safe haven for financial investment, specifically in real estate and while events over the last couple of years have influenced self-confidence, Dubai is still considered a city where home gives long-term monetary protection."
ARTAR says the biggest genuine financial investment will continue from 2016 in prime places like Midtown Dubai, where Mada Residences will be finished on time by Q2 2018 close to the world's tallest structure, the Burj Khalifa.
" An increasing number of financiers nowadays are concentrated on recreation and like areas which enable individuals to stroll rather than needing to drive everywhere and find auto parking," claims Abdulkarim. "Areas like Midtown are the most preferred because there are numerous tourist attractions nearby, and Dubai's weather is excellent for strolling seven months of the year."
With 193 larger than ordinary 1, 2, 3 and 4 room luxury apartments, Mada Residences is a one-minute stroll from the new Dubai Shopping mall expansion and within very easy reach of other major destinations such as the Dubai Opera.
Captions:
1. ARTAR Realty Development COO Okbah Abdulkarim.
2. Mada Residences delights in one of Dubai's most preferred places in the Midtown district
