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Dubai / Emirates Business
Deyaar Development PJSC, one of the UAE’s largest property development and real-estate services companies, is holding a roadshow in New Delhi, India, next week as part of efforts to target the growing number of Indian investors buying property in the UAE.
The move follows a similar event in Mumbai in May when Deyaar showcased an off-plan portfolio of properties in Midtown. The New Delhi roadshow will present a selection of off-plan and ready properties in Deyaar’s Midtown, Mont Rose and Ruby Residence developments.
According to figures from the Dubai Land Department, Indian investors’ property transactions in the first half of this year were worth AED7 billion, making them the UAE’s leading international investor in real estate.
“India is a key investor market for Deyaar, and we are proud to bring our developments to New Delhi which is considered the country’s business hub,†said Nasser Amer, Deyaar’s Sales Vice President. “We chose to showcase three residential projects that will provide new high-quality living options and investment opportunities. The New Delhi roadshow follows a similar successful event in Mumbai earlier this year when we captured Indian investors’ attention with Midtown. At Deyaar, we consider ourselves an industry partner for the future of the UAE, playing a key role in shaping an economy and society that meets the high standards set by the nation’s leaders,†he added.
Midtown is a 1.2 million square feet development, with a built-up area of more than five million square feet, located in Dubai Production City, previously International Media Production Zone, the UAE’s growth corridor which is close to the Jebel Ali Port and Al Maktoum International Airport. In March, Deyaar announced Dania District, Midtown’s second phase. It includes six residential developments, comprising 579 apartment units in varying sizes.
Last year, Deyaar announced the Afnan District and, next year, it is planned to launch Midtown’s third phase.
Deyaar is partnering with India-based Square Yards, a real-estate advisory firm, for the New Delhi roadshow which takes place on October 22-23, at The Claridges between 11am and 8pm. Investors will be able to reserve their units during the roadshow for only AED3,000.