Indians buying property in Dubai: Today, buying your own home in big cities of India has become a dream. Common people are not able to buy a flat even after investing their entire life’s capital. In metropolitan cities like Delhi and Mumbai, prices are touching the sky. On the other hand, Indians are rapidly buying houses in Dubai.
According to a report published in TV 9 Bharatvarsha, Indians have invested more than 35 billion dirhams in Dubai in 2024. The property market in Dubai has witnessed a rapid boom in the last few years. According to the information received, Indian investors have invested the most in these properties. Many figures may surprise you. After all, why are Indians inclined towards the property market of Dubai?
Indians invested Rs 84 thousand crores
In the first half of this year, the investment figure in Dubai increased to 431 billion dirhams, which shows an increase of 25 percent at the annual level. It is clear from this that the interest of Indians in the real estate market of Dubai is continuously increasing. Indians had shown similar interest in 2024 also. During this period, investors had invested about 35 billion dirhams, i.e. more than Rs 84 thousand crores.
According to Times of India, there was a sharp jump in inquiries and bookings from India in Diwali 2024. Dubai property companies offered offers like 1 percent monthly payment plan. Between 2015 and 2023, Indians have invested more than 120 billion dirhams here. Investors are not only from big cities, the share of people from small cities is also increasing.
Why are investors getting attracted?
The biggest reason for investing in property in Dubai is tax-free. There is no income tax of any kind in Dubai. Besides, property tax and capital gains tax also do not have to be paid. This is why, many investors are preferring to invest in Dubai.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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