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Sun 17 Dec 2017 10:19 AM

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Dubai Land Department pens agreement to woo Indian investors

Indian investors accounted for $5.7bn in transactions between January and November 2017

Dubai Land Department pens agreement to woo Indian investors
The Dubai Land Department has announced that it has signed a strategic partnership with India-based Q4 Consultants to help promote opportunities in Dubai’s real estate market for Indian investors.

The Dubai Land Department has announced that it has signed a strategic partnership with India-based Q4 Consultants to help promote opportunities in Dubai’s real estate market for Indian investors.

Under the terms of the agreement, Q4 will serve as a “real estate promotion trustee” to help the DLD in its efforts to promote Dubai as an attractive real estate destination.

"We place a high priority on the Indian market, especially as Indian investors occupy a leading position among the top three nationalities investing in Dubai each year,” said Sultan Butti bin Mejren, director general of DLD. 

"India has huge numbers of investors looking for exceptional international investment opportunities, and Dubai is certainly able to answer this demand with its diverse investment options and attractive real estate environment.”

Indian nationals are among the most active investors in Dubai’s real estate market. According to figures from DLD’s real estate studies and research department, the total value of Indian transactions from January to November 2017 reached AED 20.94 billion ($5.7 billion), from 7,810 investments carried out by 6,150 investors.

The total value of Indian investments was calculated at 14.185 billion ($3.86). Additionally, 1,295 Indian brokers are employed in Dubai’s real estate market, who earned AED 226 million ($61.53 million) for 2 percent of the total sales they made.

“We will promote Dubai’s real estate investment opportunities while also helping Indian investors to learn about the relevant laws and regulations, and assisting them by using the language they prefer to communicate in,” said Q4’s Deepak Batra. “As a result, they will become familiar with Dubai’s investment climate, how it works, and the attractive opportunities it offers.”

“We look forward to creating a platform where Indian real estate investors feel welcome, safe and protected,” he added.