Hundreds line up in India to buy Emaar’s Dubai homes

Dubai-based Emaar Properties said in a statement on Tuesday that it has recorded strong investor response for its Dubai-based projects at a special two-day roadshow which opened in Mumbai on Sunday February 17.

“Hundreds of potential customers visited the sales event that presented them the opportunity to invest in some of the most sought-after projects in Dubai,” the company said in the statement.

Emaar will continue the roadshow in New Delhi on February 20 and  21.

Among the inventory showcased are the newest project launches by Emaar in Downtown Dubai, including The Address Residence Fountain Views I and II; The Address The BLVD; Standpoint; CASA villas set in the Arabian Ranches extension; Panorama at The Views in Emirates Living; as well as inventory from its other residential and commercial portfolio in the city.

Ahmad Al Matrooshi, managing director, Emaar Properties, 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 to a Dubai Land Department report, of the Dh36 billion investment by foreign investors in the city’s property sector in 2012, 25 per cent – valued at Dh9 billion – was by Indian nationals.

India is also the largest trading partner of Dubai, with total trade exchange valued at over Dh126 billion in the first 10 months of 2012. The city welcomed over 760,000 guests from India in 2012, with Dubai’s airline, Emirates, operating some 185 weekly flights to 10 destinations in the country.

Emaar’s flagship mega-development, Downtown Dubai, and its integrated communities such as Emirates Living, Arabian Ranches and Dubai Marina, serve as home to several expatriate Indian families.

With Dubai’s property sector recording robust growth, investors in Emaar’s projects stand to benefit not only from the long-term investment value but also the rental yields.

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