By Construction Week
Developer has been on roadshow across Indian cities of Mumbai and New Delhi
Emaar Properties has said that it has received strong interest in its current range of Dubai properties during a two-day roadshow in Mumbai.
The developer said that the roadshow, which took place in Mumbai on Sunday and Monday (17 and 18 February) is now moving on to New Delhi on February 20 and 21.
Among the projects showcased were The Address Residence Fountain Views I and II, The Address the BLV and Standpoint all in Downtown Dubai near the Burj Khalifa, CASA Villas in the Arabian Ranches development and Panaorama at The Views within its Emirates Living community.
Managing director Ahmad Al Matrooshi said: “The strong response from India is a testament to the confidence in Emaar’s world-class projects, and in Dubai as a promising and long-term property investment destination.
"With our project launches in Dubai attracting customers from around the world, hosting special roadshows in international markets such as India provides us the opportunity to engage with potential clients, and provide them the opportunity to make informed decisions on our projects.”
He added: “For many Indians, the city serves as a second home, building on Dubai’s appeal as the region’s fastest-growing shopping, tourism and business hub. Emaar’s iconic developments open doors to a new lifestyle, as part of an integrated neighbourhood with all modern lifestyle amenities in close proximity.”
According the Government of Dubai Land Department's latest report, of the US$9.8bn investment by foreign investors in the city’s property sector in 2012, 25 percent, or US$2.45bn - was by Indian nationals.
How come there are units for sale?
Weren't each of these projects all sold out within an hour of opening up for sales in Dubai?
That's because they are talking up the market. It doesn't seem like people have not learnt anything from the 2008/09 fiasco. Betting on the unproductive real estate is no better than trying your luck in Vegas.
Dubai should invest in long term wealth creating projects instead of speculating on apartments.
Anyways, when a blind leads another blind it's always better to get out of the way. Just get out of the market before the music stops. The battery charged in the west back in 2008 is almost running out so the music is sure to stop sometime soon.
Good luck to all the suckers.