Emaar Properties, one of Gulf’s premier real estate developers, has claimed receiving an overwhelming response from investors at a roadshow in India.
The construction firm has held a two-day roadshow in Mumbai to promote its Dubai-based projects among Indian investors. The roadshow will be continued in New Delhi on February 20 and 21. According to a statement issued by Emaar, “hundreds of potential customers visited the sales event” and showed keen interest in the properties developed by the company.
The strong investor response shows that Emaar’s world-class projects have the potential of attracting global buyer interest. It also affirms the status of Dubai as a promising and long-term property investment destination. Some of the residential and commercial projects showcased during the event include Downtown Dubai, The Address Residence Fountain Views I and II, The Address The BLVD, Standpoint, CASA villas and Panorama at The Views in Emirates Living.
With a strong Indian expatriate population in Dubai, Indians favor the city as a second home and may seek opportunities as it grows as a regional tourism and business hub. Figures by the Dubai Land Department suggest that Indians have invested about 25 per cent of the Dhs36 billion invested by foreigners in Dubai’s property sector in 2012. Further, India also enjoyed the status of being Dubai’s largest trading partner in 2012.
In the aftermath of global financial crisis, Dubai’s property market has made a strong recovery and new projects are being developed at a rapid pace to meet the growing demand. In 2012, Emaar handed over 1,105 homes and more than 149,000 square feet of commercial office space in Dubai. Its international reputation also gained solid footing as the company sold over 673 homes and 22,000 square feet of commercial space in other markets.