Indian Investors Return to Dubai Property Market

Cash-rich Indians have been re-entering Dubai property market in large numbers after a Covid-induced break, lured by attractive discounts and post-handover payment plans, property consultants say. The recent months have also seen secondary markets in the UAE gaining traction with expat Indians, who intend to use the market conditions to upgrade from being a tenant to an owner, the property consultants said. The second quarter of the current fiscal year has seen a demand pick up from Indian investors. Indian business communities, who are frequent travellers to the UAE or want a trophy asset, have also taken advantage of the price softening to close some major deals during this period. JLL India also confirmed the rising interest among wealthy Indian investors to take advantage of the current market conditions in Dubai. Industry experts feel the upcoming IPL (Indian Premier League) in Dubai is also bound to reignite Indian investors’ interest in the Dubai property market.