The statistics issued by the Department of Real Estate Studies and Research, Dubai Land Department suggests that with an eye on profitable returns, Indian nationals have invested Rs 168 billion in Dubai’s realty in the first nine months of 2018.
Sobha has been declared the top brand of Indian real estate sector for the third consecutive year by the Brand X Report 2016-17, an annual study conducted by Track2Realty. This has been a rare accomplishment – the first hattrick of brand leadership by any real estate brand in India so far.
Sobha Group, the leading premium real estate developer, has announced that 70 per cent of Phase-1 and 2 in its Sobha Hartland in Dubai has been sold out. Hartland Greens are spacious, luxurious and exclusive low rise apartment buildings located on the Dubai Water Canal. It is part of an 8 million sq ft resort-style luxury housing project with unrivalled city side, waterfront living and 30 per cent green space right in the epicenter of Dubai.
In recent years, for individual home buyers, prices have continued to increase by approximately 7-10 per cent per year. From our perspective, we would like to see the government increase the income tax benefits to this group of home buyers.