Indian confidence in Dubai has been validated yet again
Despite market volatility and media speculation, Indian investors continue to be a dominant force in the Dubai real estate market. Data shows that Indian buyers account for 22% of property transactions, with a significant portion of purchases being off-plan investments.
Why it matters
The resilience of Indian investment in Dubai highlights the strong economic ties between the two regions and the perceived stability of the Dubai property market.
Last year, roughly one in five homes sold in Dubai was bought by an Indian. As a nation, we make up 22% of the homebuyers in the emirate – more than the Britishers (17%) and far more than the Chinese (14%). Indian traders, families and firms have been part of this city’s commercial life for generations. We are integral to Dubai’s success, and Dubai has continued to deliver for us. In the last week of March, at the height of media hysteria about capital fleeing the Middle East, Dubai homebuyers, many of them Indian, put down $2.7 billion, about ₹26,058 crore. The latest research into the Dubai property market shows it was the strongest week of the quarter.
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