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Growing numbers of Indians investing in the UAE real estate market and other mitigating factors, such as the signing of a free trade agreement between India and the GCC, are expected to generate new trade opportunities between the UAE and India, including property. Today, India's inflation rate is at the lowest in more than five years. The government cap on fuel prices has pushed the rate below 3%, allowing more Indians to invest more than in the past.
ABG is now intending to draw interest from this booming Indian economy. His Excellency Mohammed Jo'an Al Badie, President of ABG, commented,
'India is a key market for us and our goal now is to directly talk to end users and investors about our project. As a UAE company, we believe it is vital to draw foreign investment into the country, and property ownership is both an accessible and attractive way to bring in these investors.'
To date, ABG's exclusive sales agent, Cornerstone, has sold Beach Towers apartments to a large Asian customer base. 'The notable increase in trade between India and GCC will ultimately affect property trends in the UAE. We have been approached by a growing number of investors who are realising the benefits of investing in real estate in the Emirates,' said Tarek Nizameddin, Managing Director, Cornerstone. 'Abu Dhabi is an appealing destination for the Indian market due to its geographical proximity, its active Indian community and wealth of developments and attractions.'
Al Badie Group has participated in Cityscape Dubai and most recently, Moscow's Extravaganza.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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