Figures released by the Dubai land department indicate that Indians were the most prolific foreign investors in Dubai real estate during H1 2015, with a total of 3,017 transactions worth over $ 2 billion 

Burj Khalifa, Business Bay, Palm Jumeirah, Dubai Marina most preferred locations for Indian buyers who once again top the foreign property investment chart – a position they have consistently maintained for several years.

“The characteristic Indian mindset of solidifying assets in multiple arenas compliments the dynamics of Dubai real estate that offers a number of options to buyers to accommodate their budget and preferences. Recent trends of purchasing properties in locations such as Downtown Dubai, Dubai Marina, Jumeirah Lake Towers, and The Palm also suggest that the buyers are looking at profitable dividends in the shape of rents and resale value,” Sunil Jaiswal, President of Sumansa Exhibitions, said in a statement. The company is bringing Dubai Property Show to India in November from 6-8 at Bombay Exhibition Center, Goregaon (E).

Amongst the factors responsible for the trend are relatively low property prices. The average ticket size for prime locations is around 2-4 million UAE Dirhams ($ 5.45 lakh to $ 1. 1 million), which is around Rs 3.35 crore to Rs 6.69 crore. The same ticket size in prime location in India would cost around Rs 5-10 crore.

This is the main reason Indians are seeing Dubai as their second home as well as the great return on investment opportunity for the investors, the release said.

Other factors that have boosted sentiment include the recent move by RBI allowing investors to send up to $ 250,000 freely overseas to buy property, proximity to India, rental yield from 4-7 per cent per year, better transparency in deals.

According to the Dubai land department, residential apartments account for 60% of India buyers’ investments.

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