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Why Dubai has become a post-epidemic investment destination for Indians – Marseille News

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Dubai’s real estate market has grown the most since January 2021.

More than ever, Indians are now taking care of property in Dubai. Investing in real estate has become the fastest way to get a residence permit in the United Arab Emirates, and since 2017 Indians have been ranked in the top 3 national countries for investing in real estate in Dubai.

“In 2019, Indians accounted for 16% of Dubai’s home sales, which contributed more than AED8 billion to the sector. Says Shajay Jacob, Managing Director and Country Manager – ApnaComplex and CEO – GCC, Anarok.

The total value of Dubai home sales in this quarter reached AED21 billion, a growth of 5% from the first quarter of 2019. Most of these increases are for Indians.

The place where Indians invest in Dubai

Indian HNIs have shown different priorities when looking for shelters in Dubai since the onset of the epidemic. For some, the luxury and uniqueness they use in India is a major factor, and these shoppers are inevitably drawn to the Palm Jumeirah, the Marina and the downtown.

“Most preferred the best options available. Budget is not a barrier if all the attributes and parts are in place. On the other hand, investors looking for ROI are looking for places like Jumeirah Village Circle, Jumeirah Lake Towers, Maiden and Dubai Hills Estate. These places provide a very satisfactory return on investment and the entry price is very attractive, ”explains Jacob.

Another variation on demand is based on home typography, and mainly on apartments or villas. Family structure plays a big role – newly married couples prefer to stay in apartments, large families prefer independent villas.

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Demand for larger homes has increased as epidemiological offices and schools have rediscovered how they work. Existing owners in Dubai are now switching from standard 3 bedroom homes to more spacious 3.5 bhk offerings, which offers extra flexibility.

The economic dynamics behind Dubai’s real estate boom

The real estate sector in Dubai contributes greatly to the country’s GDP and is a reliable indicator of the country’s overall economic situation. In 2019, real estate accounted for 7.2% of Dubai’s GDP. This contribution is 8% for the first quarter of 2020 – the largest contribution to the record since the first quarter of 2017.

“The Dubai real estate market has been on a meteoric growth trajectory since January 2021. From the June 2021 perspective, each of the last few months has been a record for real estate sales. March 2021 saw 4,643 transactions, the highest in 16 months, and April saw 4,832 transactions, making March 2017 the best month for property sales in Dubai, ”said Jacob.

Government-sponsored global city

In many ways, the real attraction of Dubai is the way it operates. Its leadership and the performance of the UAE government has always attracted investors to the city.

Driven again by tourism and rapid vaccine delivery, business operations in Dubai are rapidly approaching pre-epidemic levels. 74% of eligible people have been successfully vaccinated and it looks like the 100% vaccination target will be met by the end of 2021.

The government has given significant impetus by making major changes in business ownership laws and visa laws. Dubai now allows 100% business ownership without the need for a local partner. The Golden Visa program has been a real magnet for UAE residency applicants.

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With these changes, Dubai is once again opening its doors to the world, ensuring the health and safety of all who live and work there.

Investor paradise

Dubai offers a rental yield of 6-10%, which is unheard of in many mature markets. More real estate space can be bought in Dubai for US $ 1 million than other cosmopolitan cities like Mumbai, Shanghai, London, Singapore and Monaco.

In addition, the Dubai real estate market is highly regulated. Investors are protected by a strictly enforced real estate regulatory authority, and developers are held accountable. It is currently a more transparent and compliant market than its Indian counterparts, which offers considerable comfort to real estate investors.

As supply is tightly controlled from the plague, increased demand will keep home prices on an upward trajectory in the near future.

All roads lead to Dubai

“For Indians, Dubai has always been a dream destination. The quality of life in this world-class city is comparable to that of its major global counterparts.

For this reason, many Indians consider Dubai as their second home. The similarities of cultures and cuisines enhance the overall appeal. For Indians, Dubai offers an unparalleled way of life – at the gateway to India.

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Kalban Bellhole: We work with 40 international companies and 800 professionals to anticipate the future

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Kalban Bellhole: We work with 40 international companies and 800 professionals to anticipate the future

Khalfan Juma Belhole, CEO of the Dubai Future Foundation, announced that they have signed agreements with more than 40 international companies that focus on their future, and the goal now is to bring these conversations together and create an implementation framework for them.

He pointed out that the first edition of the Dubai Future Forum was a translation of the idea of ​​creating a meeting to discuss future challenges and we found that the result was positive as the discussion led to a better understanding of the future. In light of the importance of sharing the message. The first edition was the first step to bring together companies, at that time their number reached 4, and today we have reached 40 companies and 800 professionals, which strengthens the position of Dubai as the most suitable platform for this meeting.

He said the second edition of the Dubai Future Forum reflects the leadership message of the foundation’s establishment, which sees the Dubai Future Forum as one of the elements and programs that will advance this vision, which saw the participation of 400 future professionals last year. , this year saw the attendance of more than 2,500 participants and 800 professionals, enhancing the company’s position as a station for anticipating the future in Dubai and the Emirates, and more importantly, discussions, projects and how to deliver concrete space plans.

He emphasized that the goal now is to translate these discussions and studies as priorities align with the goals of COP28. Last week, in addition to other priorities such as artificial intelligence and the challenges of the space industry, he pointed out that the big message is that the world must come together to shape the future and tackle the challenges.

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The Permanent Committee on Human Rights is discussing improving cooperation with its counterpart in Bahrain

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The Permanent Committee on Human Rights is discussing improving cooperation with its counterpart in Bahrain

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The Secretariat of the Permanent Committee on Human Rights held a joint meeting with the National Human Rights Committee of the fraternal Kingdom of Bahrain in the capital, Abu Dhabi.

Views were exchanged to discuss aspects of cooperation and explore areas and opportunities for enhancing technical cooperation between the two groups in the field of human rights.

His Highness Khalifa Shaheen Al Marar met the Bahraini delegation at the headquarters of the Ministry of Foreign Affairs.

Saeed Rashid Al Habsi, Director of the Human Rights Department of the Ministry of Foreign Affairs and member of the Standing Committee on Human Rights, welcomed the Director General of Legal Affairs and Human Rights, Dr. Youssef Abdulkarim Boucheri, and opened the meeting between the two groups. At the Ministry of Foreign Affairs in the Kingdom of Bahrain, he reviewed the fraternal and special historical relations between the two brotherly nations.

Bucheri, for his part, emphasized the strong and special historic brotherly partnership between the UAE and the Kingdom of Bahrain.

During the meeting, cooperation and exchange of information, experiences and best practices of the Universal Periodic Review Mechanism for Human Rights were discussed.

Both sides expressed their willingness to strengthen the framework of cooperation to contribute to the strengthening and promotion of efforts in the field of human rights.

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UAE receives third batch of injured Palestinian children and cancer patients

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UAE receives third batch of injured Palestinian children and cancer patients

A third batch of injured Palestinian children and cancer patients arrived today, as ordered by the head of state, Sheikh Mohammed bin Zayed Al Nahyan, “may God protect him”, to treat 1,000 wounded Palestinian children and treat 1,000 others. with cancer from the Gaza Strip in hospitals in the United Arab Emirates..

The flight from Al-Arish Airport in the Arab Republic of Egypt landed at Abu Dhabi Airport with 93 children in need of medical attention, suffering from severe injuries and burns, and cancer patients in urgent need of treatment. with 80 families..

The Assistant Minister of State for Health Affairs, His Excellency Maha Barakat, said: “This is the third visit, a translation of the good feelings of the people of the United Arab Emirates towards the Palestinian brothers. A helping hand to the most needy groups and the affected medical sector in Gaza.”“.

He said that hospitals in the UAE will provide the highest level of health care to injured and cancer patients, and humanitarian support will continue to ease the burden of Palestinian brothers in the Gaza Strip who are living in tragic conditions..

Since the beginning of the crisis, the UAE has rushed to provide emergency humanitarian and relief aid and supplies to the Gaza Strip. In this regard, the Head of State, Sheikh Mohammed bin Zayed Al Nahyan, ordered, may God protect him. He gave aid worth $20 million. He also directed His Highness to establish a hospital. A coordinated field operation inside the Gaza Strip as part of “The Gallant Knight 3” operation. These initiatives include the UAE’s approach and its historic commitment to support the Palestinian people and reduce the severity of the humanitarian crisis they face, especially the most vulnerable groups, especially children, who make up half of the population of the Gaza Strip (more than one million children) ), which falls within the framework of the UAE’s positions. Strong brotherhood with our Palestinian brothers.

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