DAMAC Properties announced as well as the price difference, Dubai’s Property Market is fetching more and more attractive to foreign investors owing to the implementation of a propel of fresh regulations, for example the new Strata law, which supports home landlords.
“As these latest tougher and more strict regulations take hold, India Property investors are seeming to take advantage of the surfeit of investment opportunities that survive surrounded by the emirate’s property market,” it supposed in a statement.
At an average price / square foot of USD 264 in Dubai, consistent with Colliers International, real estate is at the moment 60 % less expensive than in central Mumbai Real Estate, where the price /square foot is USD 664 in line with Jones Lang LaSalle.
“Not only are we observing a flow of interest from potential Investors from India but also from other budding markets for instance sub Sahara Africa and China who are in search of quality assets, at bloodthirsty prices.”
in keeping with McLoughlin, even if assurance was shaken subsequent the international slowdown, the introduction of fresh regulations in Dubai offers property purchasers more safety over their investments. DAMAC Properties has also hail the return of liquidity into the mortgage bazaar, which it cites as an additional major thing in the revival of the emirate’s property area.