By Staff writer
Dubai Property Show is set to return to Indian city in December after last year's exhibition generated $108m investments
Dubai Property Show is set to return to Mumbai in December, following last year's successful exhibition in the Indian city when investments worth AED400 million ($108 million) were made in the emirate's real estate market.
The realty expo, organised by Sumansa Exhibitions in partnership with Dubai Land Department, attracted almost 6,000 visitors last year and will take place on December 9-11 at the Bandra Kurla Complex.
Sultan Butti bin Mejren, director general of the Dubai Land Department, said: “The Dubai Property Show takes the emirate’s finest real estate developers directly to the doorsteps of serious buyers.
"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."
He said in 2015 the number of Indian nationals investing in Dubai reached 9,748 people, with combined purchases reaching a total value of AED22.84 billion, while so far in 2016 Indian investors have spent AED7.27 billion.
The exhibition will feature prominent real estate developers and consultants from Dubai and UAE including Damac, Orion Real Estate, Seven Tides International, Herald Land, Morya Real Estate, and Tanmiyat Global Real Estate Development.