Dubai Property Show to return to Mumbai

Dubai / Emirates Business

Geared by the successful Mumbai exhibition last year that raked in
approximately AED 400 million
into Dubai real estate and attracted almost 6000 visitors, Dubai
Property Show is all set to return to the Indian metropolis this year in December.
The realty expo is being organised by Sumansa Exhibitions in partnership with Dubai Land Department. The popular exhibition, which will be held at the prestigious Bandra Kurla Complex (BKC), Mumbai, from December 9 to 11 will once again showcase Dubai’s premium properties catering to a wide range of budgets. The interactive event brings together some of the biggest players in the emirate’s realty market under one roof, with properties ranging from budget to luxury apartments to villas to beach properties to furnished apartments and commercial properties.
H.E. Sultan Butti bin Mejren, Director General of the Dubai Land Department (DLD) said: “The Dubai Property Show takes the Emirate’s finest real estate developers directly to the doorsteps of serious buyers. The platform seamlessly brings in the right visitors, while we, along with Sumansa Exhibitions, provide developers the opportunity to create business which they had been missing. Indians have long since understood the worth of Dubai real-estate as an investment haven since it gives them a very lucrative value for the money.
“This demographic is extremely important for the Dubai market, providing a key investment group. In 2015 the number of Indian nationals investing in Dubai reached a highly significant figure of 9,748 people, with combined purchases reaching a staggering total value of AED 22.84 billion. So far in 2016 we have seen the number of investors reach 3,656 who have together spent AED 7.27 billion. The value of the Dubai market is greatly understood by this segment, who understands how it provides highly profitable returns on rent,” added H.E. Sultan Butti bin Mejren.
The exhibition will feature prominent real estate developers and consultants from Dubai and UAE. The bookings have already started and some of the confirmed participants include names such as DAMAC, Orion Real Estate, Seven Tides International, Herald Land, Morya Real Estate, Tanmiyat Global Real Estate Development LLC, Tamleek Real Estate (presenting Kempinski Residences), Seal Real Estate Registration Trustee and many more catering to various pockets and preferences.
Commenting on their second exhibition in Mumbai, India, Sultan Al Suwaidi, Sumansa Exhibitions said: “Last year we got an amazing overall feedback from visitors as well as the exhibitors so it made sense to return to Mumbai. The city is the prolific business hub of India and among the top 6 ‘billionaire cities’ globally with around 30 billionaires and 2,700 multi- millionaires. Mumbai is also one of the world’s top 10 centres of commerce, and provides 70% of capital transactions to India’s economy. Moreover, the connectivity between Mumbai and Dubai gives the arrangement a tremendous boost with multiple airlines flying between the two destinations on daily basis”.
Architect Abdullah Rashed Al Abdooli, Managing Director of Al Marjan Island and Gold Sponsor of the exhibition, said, “Al Marjan Island boasts a diverse portfolio of residential and commercial assets that are well-known around the world. Our presence at Dubai Property Show in India is designed to boost our image further amongst Indian investors as one of the leading real estate developers in the world.
“There is a growing interest in Al Marjan Island as a property-investment destination among international investors. Traditionally, the Indian business community has high preference in the UAE property market. Our participation at the show gives these investors an opportunity to look closely at the competitive and feasible offerings that Al Marjan Island brings to the table,” he added.
Typically, Indians have been the most prolific buyers of Dubai real-estate in the past few years; as per the latest statistics by Dubai Land Department, the country tops the list of foreign nationalities’ share at AED 7.27 billion in the first six months of 2016 alone. In 2015, Indians invested AED 22.84 billion, which was a rise from AED 22.70 billion in 2014.
Visitors at the exhibition will get an opportunity to observe the Dubai’s real-estate market closely, make informed comparisons
and address their concerns before closing the deal. Moreover, the event will be hosting a number of free seminars for visitors’ benefit, guiding them on topics such
as Property Investment, Legalities and Financing.