(MENAFN) Properties worth AED 83.65 billion were sold to Indians in Dubai during the last five years, according to statistics compiled by the Dubai Land Department (DLD) released on Tuesday.
"We have put India in our global map of increased interaction and have been supporting the Indian Property Show in Dubai while also organizing Dubai Property Show in Mumbai- the commercial capital of India,"head of the organizing committee of Dubai Property Festival Dawood Al Shezawi commented.
Dubai Property Festival is a real estate business-to-consumer (B2C) sales event includes numerous activities for knowledge-sharing, networking, and property transactions.
Demonstrating the largest foreign investor group in Dubai's real estate sector, Indians' investments in the sector registered AED 15.6 billion in 2017, AED 12 billion in 2016, and AED 20 billion in 2015, the DLD's report found.
"As UAE-India relationship strengthens, Dubai Land Department (DLD) also deepens its engagement with Indian economy to help create a win-win situation for all stakeholders," Al Shezawi said.
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