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Indians among top investors in Dubai

According to a Dubai Govt official, Indians are among the top investors in their country's real estate market.

india Updated: Nov 28, 2006 10:16 IST

Indians are among the top investors in the booming real estate market in Dubai, a government official said.

Therefore, to tap the growing Indian interest, the Department of Tourism and Commerce Marketing (DTCM) here, in conjunction with the Dubai Properties Group will organise Dubai real estate road shows, conferences and exhibitions in India and Saudi Arabia in 2007.

"This is the first time the department is organising dedicated road shows, conferences and exhibitions to promote the real estate projects in overseas markets," DTCM Director Operations and Marketing, Mohammed Khamis bin Hareb said.

In India, the road shows will be held in New Delhi on August 20 followed by Bangalore on August 22 and Mumbai on August 24 next year, he said.

More than 40 real estate companies will be participating in the exhibitions, he said.

"The series of road shows will help highlight the strengths and attractiveness of Dubai's booming real estate and the investment potential in this promising sector," Hareb said.

The DTCM also operates a representation office in Mumbai.

Adel Lootah, Executive Director, Dubai Properties Group, said the road shows will attract more investors from India.

Ever since the emirate of Dubai opened its property sector in 2002, there has been a boom with some USD 100 billion worth of real estate projects under construction or in the pipeline.