Real Estate

Meraas Holding Dubai, Raine & Horne eye Indian buyers for residential project

G Naga Sridhar | | Updated on: Mar 22, 2018

 

Meraas, a Dubai-based holding company, along with its marketing partner Raine & Horne, is eyeing Indian buyers for its ‘Bluewaters’ island residences in Dubai. “We see huge potential and passion from wealthy Indians to invest in Dubai,’’ Sanjay Chimnani, Managing Director, Raine & Horne Dubai, told newspersons at a press conference here on Thursday.

For the first time, a flexi payment plan is also being offered, subject to some conditions. There are 698 one to four bedroom apartments, four penthouses and 17 villas on the man-made island off the Jumeirah beach residence coastline in Dubai.

The price ranges from about Rs 3.5 crore (for a one-bed room apartment) to Rs 72 crore. “Indians are the among the biggest foreign investors in Dubai’s real estate. Last year, they purchased Rs 30,000 crore worth of real estate in Dubai,’’ he said. The first road show in India to preview Bluewaters island residences will be held in Hyderabad on March 26.

Published on March 22, 2018

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