Indian realty spending in Dubai crossed USD 3 billion in 2016

UAE – Indian investors emerged as the top foreign realty spenders in the UAE in 2016, injecting over USD 3.2 billion into the Dubai market alone per reports from the Dubai Land Department. Aside from their country’s long-standing cultural and commercial ties with the UAE, Indian investors are attracted to the Emirates’ stable economy, safe environment, favorable real estate regulatory framework, and highly competitive property rates.

Falconcity of Wonders LLC will seek stronger connections with India’s property seekers during its participation in the Indian leg of the globally renowned Dubai Property Show running from November 3 to 5, 2017 at the Bandra Kurla Complex in Mumbai, India. The developer will highlight the latest updates on its flagship development, the 41-million-square-foot falcon-shaped Falconcity of Wonders (FCW).

Indians are among FCW’s top foreign investor groups and have consistently shown great interest in the development’s unique ‘The World in a City’ theme. Once completed, the multipurpose mega project will delight its residents and guests alike with modern versions of world-famous landmarks such as the Pyramids Park, the Dubai Hanging Gardens of Babylon, the Dueiffel Tower Dubai, the Taj Arabia, and the Leaning Tower of Dubai.

H.E. Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Indians are major movers within the UAE’s dynamic real estate scene, especially here in Dubai where they are drawn to the multicultural atmosphere and diverse real estate offerings. The upcoming Dubai Property Show in Mumbai will be a perfect vehicle for us to meet face-to-face with India’s top investors and discuss Falconcity of Wonders’ unique ‘World in a City’ proposition which complements Dubai’s growth as a preferred global business, leisure and lifestyle destination.”

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© Press Release 2017