Browse
related articles
Indians top list of buyers of Dubai property
- United Arab Emirates: Monday, December 03 - 2012 at 09:52
Indians claimed the number one spot in terms of foreign property purchases in Dubai during the first half of the year, according to data from the Dubai Land Department. Among the factors driving buyers from India to purchase property in Dubai is the geographical proximity to home and a desire to purchase a property for family members living or studying in Dubai, the National has reported. Also, prices in many areas of Dubai are currently much lower than certain areas of India and savvy investors are recognising the growth potential of investing now and reaping the rewards, both in capital growth and rental return - all of which comes without any capital gains taxation, Niall McLoughlin, a senior vice president at Damac Properties, told the daily. He said India is a key market for the company, making up around 30% of its buyers.
Related Content
Article Options
StaffMonday, December 03 - 2012 at 09:52 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
