Indian investors ‘very active in Dubai property sector’

Updated 05 April 2014
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Indian investors ‘very active in Dubai property sector’

International Property Show (IPS) will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India.
IPS organizers said India is reinforcing its stature not only as one of the leading investors in the Dubai realty market but also as a country that offers diverse realty offerings to investors based in the Middle East.
India tops the number of foreign investors and investment transactions in Dubai’s real estate market according to the leading real estate show that take place in Dubai from 8 – 10 April 2014 at the Dubai International Convention and Exhibition Center.
Dubai Land Department (DLD) said earlier that more than 8,092 investors from India notched AED17,939 billion transactions in Dubai real estate during 2013, surpassing all foreigner investors in the Emirate’s property sector.
NAREDCO has announced that the Indian pavilion that will include some of finest properties from across India from developers in Mumbai, Delhi, Bangalore, Goa, Noida and Gurgaon.
Some of the participating developers are Raheja Developers, Nahar Group, Mantri Realty, Godrej Properties, Heritage Group, Kalpataru, Patel Realty, Artha Properties, Landmark Group, Paramount Buildwell, Sunteck, Kanakia Spaces, HDFC Home Loans and others.
“Indian investors are very active in Dubai property sector,” said Sultan Butti bin Mejren, director general of the Dubai Land Department.
“Investing nearly AED 18 billion in Dubai reflects the huge interest from Indian investors in the Dubai market and their confidence in the lucrative returns,” he said.
“It is obvious that the Gulf region has presented itself as a key investments player in the world. The well developed infrastructure and strategic location of Dubai will drive this sector to greater success.”
Dawood Al-Shezawi, CEO, Strategic Marketing & Exhibitions, organizers of IPS, said: “A visit to the NAREDCO India Realty Pavilion will offer Indian expatriates living in the UAE and the Gulf a unique opportunity to select a place back home at a time the real estate is becoming one of the most lucrative investment options for NRIs.”
Sunil Mantri, president NAREDCO added: “For Indians in the Gulf, investing in India is a sentimental decision. As it is driven by a need to remain connected to their roots. The ‘NAREDCO Indian Pavilion’ would give you an opportunity of owning your own place back in India. With definitive pick up in the economy, as the GDP has improved, inflation has moderated, growth in industrial production is seen with other positive triggers, that has driven the stock markets to the current levels, investment in properties in India would be an lucrative Investment option.”
Al Shezawi added: “The India Realty Pavilion at IPS will serve as unique platform for Gulf Indians, HNI’s, investors, consultants and home buyers to check out exclusive deals offered by participating developers.”
National Real Estate Development Council (NAREDCO) is a premier body of Indian developers which works under the aegis of Ministry of Housing & Urban Poverty Alleviation (MHUPA), Govt. of India.
The council board represents a combination of Government representatives and Private Developers. Most of the reputed developers across the country are members of the council.
NAREDCO promotes ethical practices and inclusive growth of real estate industry in India.


Tunisia tourism sector makes flying start to 2019

Updated 30 min 18 sec ago
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Tunisia tourism sector makes flying start to 2019

  • Influx of up to $262.6 million in hard currency revenues — an increase of 35.1 percent on last year

LONDON: Tunisia wooed more tourists in the first quarter of this year, which saw a 17.4 percent increase in arrivals compared to the same period in 2018, according to Tunisian Ministry of Tourism data quoted by Asharq Al-Awsat. 

The tourism sector saw an influx of up to 787.8 million dinars ($262.6 million) of hard currency revenues — an increase of 35.1 percent on last year, the newspaper reported.
Minister of Tourism Rene Trabelsi said that the tourism sector was boosted by arrivals from Europe, which rose around 22.3 percent.
After several years of shunning Tunisia in the wake of a gun attack on a beach in Sousse that killed 39 tourists and one at the Bardo National Museum in Tunis that killed 21, major European tour operators have started to return.
Arrivals from France increased 24.7 percent, while the Dutch market developed around 13.5 percent, it was reported.

 

Trabelsi expects more positive growth in the coming period, based on the bookings of global travel agencies. 
Tunisia seeks to attract 1 million French tourists, 640,000 Russian tourists, and 390,000 German tourists this season. It forecasts that it will host around 9 million tourists overall this year.
In 2018, Tunisia’s tourism revenues jumped to $1.36 billion as the country saw the arrival of a record 8.3 million visitors, according to data from the ministry.
The sector generates about 400,000 jobs and accounts for 8 percent of Tunisia’s gross domestic product (GDP).

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9m

Forecast number of tourist arrivals in Tunisia this year, up from 8.3 million last year in Sousse, Tunisia.