By Staff writer
Developer says it will hope roadshow on Oct 22-23 as UAE proves popular for real estate buyers in India
Dubai-based Deyaar Development is to hold 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 its Midtown mega project.
The developer said 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."
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.
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.
Mont Rose will comprise two residential towers and one hotel-apartment tower, designed for community living, with landscaped gardens and park views. The residential towers will have 136 one-bedroom, 136 two-bedroom, 10 three-bedroom and eight four-bedroom apartments.
Ruby Residence is a ready development available for sale in Dubai Silicon Oasis, offering one-bedroom, two-bedroom and three-bedroom apartments.
Deyaar said it is partnering with India-based Square Yards, a real-estate advisory firm, for the New Delhi roadshow which takes place on October 22-23.