Dubai Property Show in Mumbai Ends on a Profitable Note

Several deals closed during the exhibition, hundreds select their future homes among a plethora of choice available

• 5,800 potential buyers visited the exhibition; more than 1500 visited on the opening day
• AED 100 billon invested in Dubai realty by over 28,000 Indian customers in last few years
• Significant difference found between prices in Mumbai and Dubai prime property, the latter winning by a wide margin

November 9, 2015; Dubai, UAE: Dubai’s premium real-estate exhibition, the Dubai Property Show, came to a close yesterday, after assisting hundreds of Indians find their dream homes in the emirate. The three-day realty fair, held at Bombay Exhibition Centre in Mumbai from November 6th to 8th, drew about 5800 of prospective buyers to explore a variety of property on display by 35 world-class UAE developers. From budget to luxury apartments to villas to beach properties to furnished apartments and commercial properties, investors evaluated and analyzed quality real-estate to suit their pockets from a plethora of choices available. The exhibition also brought a smile on many faces as visitors availed profitable offers and fantastic promotions. The Show was organized by Sumansa Exhibitions in collaboration with Dubai Land Department.

The exhibition provided Indian investors a perfect opportunity to find a property that combines luxury, affordability, quality and style. Moreover, given the increasing property prices in India, particularly in the popular urban areas, Dubai’s offer of reasonably priced real-estate served as a lucrative alternative, particularly since it reaps long- and short-term financial dividends including high rental yields. For example, as per a comparison drawn by global property consultancy Knight Frank, while one can buy 145 square metres of prime property in Dubai for $1 million, the same amount can only fetch 96 square metres in Mumbai. Similar is the case with other cities in the world, and Dubai, with its global lifestyle, cosmopolitan nature, and budget-friendly housing and hospitality scores higher points.

HE Majida Ali Rashid, Assistant Director General and Head of Investment Management and Promotion Center, Dubai Land Department, said: “The Dubai Property Show was the perfect opportunity for us to promote Dubai’s environment for real estate investment. India represents an extremely important market for us through its strong ties to Dubai and the fact that they are currently already more than 28,000 Indian customers who have invested in more than AED 100 billon into Dubai’s real estate market; a figure which sees them at first place on the list of most investor nationalities by expenditure,” she added.

Sunil Jaiswal, President Sumansa Exhibitions, said: “Given Indian’s increasing interest and investment in Dubai property – Indian’s have been top foreign realty buyers of the emirate for several years – Dubai Property Show was simply a natural and inevitable outcome. Not surprisingly, the show was warmly received by Indians who came in droves and the footfall going into thousands not only indicates the success of the show, but also the nation’s rising faith in Dubai’s real-estate. For residents, this was a win-win situation: they were treated to the cream of developers who brought their finest projects to the exhibition, had an opportunity to negotiate deals on one-on-one basis, while financial services were present to offer investment advice when needed”.

The show also proved to be quite beneficial in terms of a speedy education in property management in Dubai. The well-attended free seminars, conducted by experts in banking, law and realty dispersed wealth of knowledge, introducing potential buyers to the nitty-gritty of Dubai real estate. Banks, on the other hand provided hands-on and immediate solutions to financial hurdles in purchasing property, including incredibly low-interest home loans.

“This has been a great journey for us as well, and we believe that this exhibition has further cemented India’s economic ties with the UAE,” added Jaiswal, “Developers too gained from it, not only in terms of sales, but the personal interaction gave them an excellent opportunity to understand one of their biggest buyer groups – a sentiment echoed by a number of builders. Some of them even closed sales during the exhibition.”

Exhibitors included Falconcity of Wonders, Emaar Properties, Al Hamra Real Estate Development, Jumeirah Golf Estates, Tebyan, Select Group, Nakheel, Dubai Properties, Deyaar Development, MeydanSobha, Damac Properties, Dubai Sports City and Kleindienst Group, among others.

Al harith Almoosa, Vice Chairman and Deputy General Manager, Falconcity of Wonders LLC said: 'Falconcity of Wonders' first outing in India was an important step in our efforts to reinforce ties with the top investing group of our development. The results exceeded our expectations, with Indian entrepreneurs and investors showing genuine interest in our 'World in a city' concept and making solid commitments to discuss possible business collaborations further, we gained valuable insights on how to specifically meet the needs of our existing and prospective Indian investors; which will help us in promoting and tailoring Falconcity of Wonders offerings to this vital market moving forward.

Dubai Land Department was the official sponsor for the event, whereas Falcon City of Wonders and Emaar were Diamond Sponsors, Al Hamra Real Estate Development and Jumeirah Golf Estates served as Platinum Sponsor, Tebyan as Gold Sponsor and Select Group as Silver Sponsor while Tamleek was the official Property Transfer Trustee and Knight Frank as official Knowledge Partner.