Indians among top real estate investors in Dubai Tuesday, November 28, 2006 05:10 [IST]
Dubai:
"Indians are among the top investors in the booming real estate market
here," 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 20th August
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 US$ 100
billion worth of real estate projects under construction or in the pipeline.
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