Indian Business Owners Are Buying And Increasing The Demand For Luxury Real Estate in Dubai in 2021

In the year 2021 Luxury real estate sales in Dubai is on a high in all sense of the phrase.

The sales boom that is happening in Dubai’s residential real estate sector, more so in the Dubai luxury real estate market has a lot of Indian buyers responsible for the same.

Post the pandemic and its adverse effects on various things, many business owners from India have started buying luxury homes in Dubai with a mind set to have a long terms business set up in the Gulf city.

Proactive Steps

 The UAE government has created a very attractive ground for property investors in Dubai and that includes offerings like full foreign ownership of businesses, possibility of remote registration of offshore companies and the availability of long-term residency visas.
Of the above attractions, the new visa laws in UAE have surely impacted the decision of businessmen in India to invest in Dubai real estate, the most.

New company ownership laws

 As a very pragmatic and proactive government the UAE government has ensured the removal of any bottle necks that cause hindrances in Dubai investments. By resolving multiple issues with the application of new company ownership laws they have managed to infuse a new level of enthusiasm that is translating into Dubai luxury real estate investments by Indian business owners in a major way in 2021.

Dubai is the location

Dubai has traditionally been a very attractive location for Indians in terms of leisure, investments, property investments, and business and even in terms of migration. However the super friendly business environment created by the new laws by the UAE authorities, especially during the trying times of the pandemic have come as a welcome relief for investors.

Indian industrialists and Indian business owners have therefore responded by investing in Dubai luxury properties in huge numbers in 2021. This in turn has surely created a huge demand for the overall Dubai real estate market and many new luxury projects in Dubai are selling out within no time at all.

Wealthy Indians & Dubai luxury homes

Within this upward Dubai real estate sales trend, many wealthy Indian business owners have been opening up their purses for buying really expensive luxury homes in Dubai especially in upmarket locations of Palm Jumeirah, Downtown and JVC.

Nonresident Indians as well as High net worth Indian residents have been showing a lot of interest in luxury properties in Dubai as they believe that this investment will grow. Another advantage that they see is the usage of the Dubai luxury homes as a second home for their families. The increase in Dubai villa sales and queries indicate the level of interest that luxury real estate in Dubai elicits from Indians overall.

Dubai real estate investment - for the long term

The robust health infrastructure that Dubai has along with its high level of security and the control over the situation during the the heights of the pandemic infection has also made many Indians to invest in Dubai real estate for the long term. This is surely a very different trend as in the past majority real estate investments in Dubai were for the short term. The idea was to invest and exit within a couple of years. Dubai as a long term real estate investment destination will surely change the dynamics of Dubai real estate market as well as the Dubai luxury real estate market in a very big way indeed.