Mumbai Extravaganza offered a unique platform for international real estate institutions as well as developers to launch and promote new products. Apart from high net worth individuals, the high life show also attracted professional advisors such as lawyers, bankers, brokers, top management and decision makers of Mumbai´s leading corporations, successful entrepreneurs and celebrities.
Mohamed Binbrek, CEO of Dubai Properties, said: “We were pleased with our presence at Mumbai Extravaganza. The event gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.
“Indian nationals are amongst the top investors within the booming real estate market in Dubai. The geographical proximity of India makes it an increasingly attractive sector for property developers in the UAE to contemplate. India itself is an emerging and credible market that boasts many international conglomerates and high-net worth investors with whom we are keen to meet and conduct business with.”
In 2007, Indian Nationals spent AED 4 billion on real estate in Dubai, and over the past 10 years, Indian Nationals have spent a total of AED 6.5 Billion on the Dubai Real Estate sector. While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.*
Dubai Properties was presented in the luxury event by Shorex Ltd. the award-winning London-based wealth management event specialist.
Related Articles
Various National Real Estate Developers Beeline for Chandigarh
By: Property | 16/01/2008 | Business
Chandigarh is soon to emerge as one of the most sought after tier-III cities in the next 5 years in terms of commercial, industrial and residential sectors. With major IT companies foraying into the region along with national as well as international developers to meet the expected demand of quality residential and commercial space.
Lusting for Lukhnow
By: Property | 10/03/2008 | Real Estate
Saeed Anwar, an NRI from Dubai, wanted a house in his hometown Lucknow. He bought two plots for Rs 3.5 million ($880,000) in 2005, which are together worth Rs 30 million today. With returns as high as this, many Gulf NRIs are investing in the city’s real estate.
Bonanza for Old Mumbai Firms
By: Property | 20/01/2008 | Real Estate
The Maharashtra government’s decision to repeal the Urban Land Ceiling and Regulation Act (ULCRA) in order to obtain funds under the Jawaharlal Nehru Urban Renewal Mission has spelt a bonanza for some of the oldest companies in the city. According to real estate consultancy Knight Frank India in Mumbai alone as much as 17,000 acres of prime land will be released across the city. Others estimate the amount of land to be released at 30,000 acres.
Harvard Eyes Indian Realty Sector With Corporate Programme
By: Property | 12/03/2008 | Real Estate
New Delhi, March 10 (IANS) Eyeing the “explosive” realty market in India, the Harvard Business School (HBS) is set to offer a short duration certificate programme to top executives of real estate industry - but at a stiff fee of Rs.297,000 ($7,310). The Ivy League university will offer the four-day-long programme at Hyderabad Convention Centre beginning June 17.
Deutsche Bank Arm Buys Stake in Golden Gate
By: Property | 23/01/2008 | Real Estate
RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India), has made its first real estate investment in India. RREEF has nearly completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate development company, Golden Gate Properties, for $70 million (Rs 273.5 crore).
Rubber Growers Keen on Tapping Into Real Estate
By: Property | 18/03/2008 | Real Estate
Kochi: The proposed 20% subsidy for rubber replantation—announced by the Union government on Wednesday as part of a Rs241 crore programme in the 11th Plan period—may not be incentive enough to keep growers from converting their gardens into real estate.
US Court Orders India to Pay $ 42.4 Mn Tax
By: Property | 20/03/2008 | Real Estate
New York (PTI): A US court has ordered India to pay a real estate tax of USD 42.4 million after it rejected New Delhi’s argument that a 26-storey building occupied by its diplomatic staff is exempted from tax under international treaties.
Icici Arm Buys Vernon’s 40% in Updater Services
By: Property | 05/02/2008 | Real Estate
CHENNAI: ICICI Venture has picked up New Vernon Bharat’s 40% stake in Chennai-based Updater Services (UDS), India’s largest integrated facility management company, for close to Rs 100 crore. Founded in 1985, UDS manages over 50 million sq ft of space across all segments including corporate, IT parks, industrial and retail. It also offers production support services for auto major Hyundai Motor India and French glass major Saint Gobain.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Ho to list home on AOL
By: greatgrampastew | 13-05-2008
I have been searching the AOL real estate ads and looked for a place to find requirements for listing a house for sale by owner. Found nothing.
How do I claim property I own in Puerto Rico
By: CBJB | 12-05-2008
How do I claim property I own in Puerto Rico
Anyone know of a good realtor?
By: stpbowm | 12-05-2008
does anyone know of a really good realtor near noblesville indiana that also doesn't have a huge fee? i'm new with this so i have no idea what to do thanks in advance
Education
By: dush | 11-05-2008
Hey... i want to start learning real estate and i researched about different ways to start, i would like to get an advice of where and how to start (home study,courses etc...), i want to know also what are all the topics (finance, law, morgage etc...) that take part in real estate learning? any information about the subject will be very helpfull, thank you very much for your answer.
How much money do you save buying a house FSBO?
By: kell326 | 09-05-2008
How much money do you save buying a house FSBO?
Does anyone have Gulf Front property for sale that ...
By: northernboy | 05-05-2008
Does anyone have Gulf Front property for sale that allows pets, price approximately $250k
Q&A Powered by:
Latest Real Estate Articles
Foreclosure Investing: What Is It And How Does It Work?
By: Hunter Craig | 17/05/2008
With the housing market in a downturn and hundreds, if not thousands, of homes going into foreclosure, people are beginning to talk more about and pursue foreclosure investing. But, what is it and how does it work? Well, for answers to your questions on foreclosure investing, keep reading.
What is foreclosure?
Foreclosure...
Buying A Cyprus Holiday Home, Villa Or Apartment?
By: Kate Deas-Smith | 17/05/2008
Are you thinking of investing in a Cyprus holiday home, villa or apartment? If the answer is yes then you had better hurry as prices are just starting to rise just as Economists have predicted. Cyprus property for sale is great value at the moment but prices are slowly starting...
Home Sales April 2008 Springfield IL., Governor Blagojevich Proposal
By: Fritz Pfister | 17/05/2008
While home sales begin to recover in April, governor Blagojevich proposes devastating changes. Seems voting for change can have its' perils.
Tips To Sell Denver Real Estate Fast!
By: Bruce Swedal | 17/05/2008
In the current real estate market it is still possible to sell your Denver area home quickly and for top dollar. It can be done if you follow some simple guidelines.
The first aspect that you need to look at is condition of the property you wish to sell. You need...
6 Proven Strategies To Avoid Foreclosure And Save Your Home
By: Dean Williams | 17/05/2008
If you are one, two or three payments behind on your mortgage then you would be wise to take immediate action regarding the following information. Homeowners, just like you, are often caught in unexpected hardships such as divorce, death in the family, job loss, or medical emergencies that lead them...
Home Owners Enjoy Arizona Weather
By: Juhlin Youlein | 17/05/2008
The number one reason why people move from other states to Arizona is because of it's weather. Arizona has 8 beautiful months a year. The winter is perfect. The spring is full of life. The summer is bearable with the dry heat. The fall is full of weather that...
Arizona Attractions
By: Juhlin Youlein | 17/05/2008
One of the most famous Arizona sites to see is the Grand Canyon. It is the biggest canyon in the world believed to have been around for millions of years. Despite Arizona being mostly a desert state, the Grand Canyon is situated among pine trees and forests....
7 Key Considerations To Finding A Rental Apartment
By: Bruce Roberts | 17/05/2008
Finding an apartment, especially in a "landlord's market" can be tough. With rental units being converted into condos and vacancy rates at all-time lows, it can be rough locating an apartment unit that fits your budget and your needs. Before you start the search for the perfect apartment, keep reading...
More from Property
Bank of Baroda Enters Into Memorandum of Understanding With Dubai Properties
By: Property | 14/05/2008 | Real Estate
Bank of Baroda, India’s international bank has entered into a Memorandum of Understanding (MoU) with Dubai Properties, the region’s leading real estate company, whereby the bank will provide home finance to buyers of residential units in a number of Dubai Properties’ projects across the UAE.
Haryana’s Apartment Law on Shaky Ground
By: Property | 12/05/2008 | Real Estate
Twenty-five years after its enactment, two notifications and one amendment later, the Haryana Apartment Ownership Act (HAOA), which seeks to regulate the development and administration of group housing colonies in the state, desperately needs a re-look. The law was passed when the first condominium to come up in Gurgaon was still another six years away. With no local know how, the government drew perfunctorily on the experience of other states.
Mahindras to Drive Into Low-cost Housing Projects
By: Property | 08/05/2008 | Real Estate
Mahindra Lifespaces Developers (MLDL), the housing and real estate arm of the $ 7.5 billion (Rs 30,566 crore) Mahindra Group, is planning to enter the business of building low-cost houses for the middle-income group. Low-cost houses have become a fad among young people, as they are available at an affordable cost of Rs 25-30 lakh.
Real Estate Mfs and Reits Come Cheap
By: Property | 06/05/2008 | Real Estate
They say bureaucracy in India can be slower than the most patient snail. So, more than seven years after the proposal was first mooted, the Securities and Exchange Board of India (Sebi) came out with its draft guidelines for real estate mutual funds (MFs). This move has brought much joy and relief to the MF industry.
Realty Space to Gain From Real Estate Mfs: Kpmg
By: Property | 02/05/2008 | Real Estate
NEW DELHI: The Indian real estate sector, currently facing strong headwind due to the credit turmoil as well as high inflation, is set to get a breather from the market regulator SEBI’s move to allow Real Estate Mutual Funds, says global consultancy giant KPMG.
Asian Investors Pump Aed 9 Billion Into UAE Property Market in 2007
By: Property | 29/04/2008 | Real Estate
Asian investors have shelled out approximately AED 9 billion in real estate investments into the UAE from March 2007 to the early months of 2008, according to recent market studies. Driven by the huge potential of marketing its developments to Asian-based investors, Bonyan International Investment Group has participated at the recently concluded Cityscape Asia 2008, where it showcased its AED 3.5 billion project portfolio.
Realty Deals Bring Rs 23,000 Cr During January-march
By: Property | 23/04/2008 | Real Estate
MUMBAI: Slowdown in the real estate market notwithstanding, land deals in India are thriving. According to a recent study, the total value of such deals, in the first three months of 2008, have touched around Rs 23,000 crore, while another Rs 10,000-crore worth deals are in the pipeline.
Ansals Join Hands With Malaysia-based Uem
By: Property | 21/04/2008 | Real Estate
Real estate developer Ansal Properties & Infrastructure Ltd today announced it has joined hands with Malaysia-based UEM Group to form a new company to carry out construction activities across the country.
Finance 
