Indian investors are taking advantage and re-entering the Dubai property market to make the most of discounts and post-handover payment plans.
Cash-rich Indians have been re-entering Dubai property market in large numbers after a Covid-19-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 consultants said.
“There is definitely a pent-up demand which has been built up during the peak Covid-19 period,” Shajai Jacob, CEO – GCC, Anarock Property Consultants, told Arabian Business.
“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,” he said.
