The Dubai Real Estate Show honors Indian leaders and the expansion of the industry.

The JW Marriott Marquis Hotel in Business Bay, Dubai, hosted the 4th Edition of the Indian Real Estate Show (IRES) 2023, which took place over two days on November 25 and 26 and included investments in Khaleej Times & Realty + and powered by VTP Realty. The event included a conference and exhibition showcasing Indian real estate’s profitable investment potential.

Leading Indian real estate developers, including Birla Estates, Balaji Technocity, Hero Realty, VTP Realty, Godrej Properties, Tata Realty, and Provident Housing, were there at the exhibition. 

Majid Al Marri, CEO of the Dubai Land Department’s Real Estate Registration Sector, officially opened the UAE-India Real Estate Show 2023.

The partnership between two prominent media groups in the UAE and India, plus its contribution to the real estate industry of both countries, was highlighted in Michael Jabri-Pickett’s welcome address as Editor-in-Chief of Khaleej Times.

During his keynote address, Satish Kumar Sivan, the Indian Consul General to Dubai and the Northern Emirates, stressed the importance of the government of the United Arab Emirates and India working together to promote economic opportunities and support each other. “Real estate is one of the main drivers of the economics of India and the United Arab Emirates, and events like these can encourage cooperation between policymakers and decision-makers while increasing public awareness,” he said. 

India Club, UAE Taxation Society, Gulf Maharashtra Association, Institute of Chartered Accounts-Dubai, All Kerala Colleges Alumni Forum, Jain International Trade Organization (JITO), IBPC-Business Group, and Rajasthani Business all supported the event. The community members gave the organization the most traction.

The event’s main draw was the awards given to notable Indian real estate leaders. Michael Jabri-Pickett, Editor-in-Chief of Khaleej Times; Majid Al Marri, CEO of the Real Estate Registration Sector, Dubai Land Department; and Satish Kumar Sivan, Consul General of India to Dubai and the Northern Emirates, presented the awards. 

The following recipients of the Iconic Leaders of Indian Realty Awards from IRES 2023:

Sankey Prasad- Global Indian Icon of the Year

Sachin Bhandari- Visionary Business Leader of the Year 

Pradeep Agarwal- Affordable Housing Leader of the Year 

Dharmesh Shah- Innovative Real-estate Entrepreneur of the Year

Discussions on knowledge-sharing took place during the concurrent conference at IRES. 

The speakers, Sachin Bhandari, ED and CEO of VTP Realty, and Shajai Jacob, MD& Country Head- Apna Complex & Anacity, Anarock Group, discussed the prospects and potential of real estate investments with Sapna Srivastava, Editor Realty. They also discussed the advantages of different real estate classes in India for foreign buyers and investors, the issues that need addressing for post-sales services to NRIs, and the various factors to consider when investing in India.  

Meydan, Lodha to Jointly Develop $5.7b Project

Dubai based Meydan Group and Mumbai based Lodha Developers Ltd will jointly develop a residential project at an estimated cost $5.7 billion.

Dubai based Meydan Group plans to develop a project in Dubai’s Mohammad Bin Rashid City. The project will be launched in conglomeration with Indian developer Lodha Group. Continue reading

DAMAC Properties to Invest $1Billion in Indian realty

Dubai-based DAMAC Properties plans to invest $1 Billion for developing realty projects. The Group expects to gain some Indian investors.

The opening ceremony of DAMAC Towers by Paramount, one of the most noticed projects of DAMAC Properties.

The opening ceremony of DAMAC Towers by Paramount, one of the most noticed projects of DAMAC Properties.

DAMAC Properties is pondering over having an investment in India. The Dubai-based private developer will invest $1Billion for developing realty projects.

DAMAC Properties has informed that they will be soon launching the second phase of its $1Billion project. Under the second phase luxury hotels and serviced residences will be developed.

DAMAC Towers by Paramount is on its way to completion. The premium luxury hotel tower is being developed in the prime location in Dubai. The project is located in the Burj Area in the same location of the world’s tallest tower Burj Khalifa Dubai.

The tower comprises 540 prime Paramount Hotel and Residences.  Additionally there are 1000 units of DAMAC Maison – Paramount co-branded serviced hotel residences in the tower.

Indian investors are expected to invest in the realty projects of DAMAC properties.

Indian investors are expected to invest in the realty projects of DAMAC properties.

DAMAC Towers by Paramount is a joint venture between DAMAC Properties and Paramount Hotel & Resorts. The project was presented in Delhi and Mumbai in the last week.

DAMAC Properties’ Managing Director Ziad El Chaar said that the project received good response from the Indian investors. He added that Indian investors make a good percentage of their clients.

He opined that there is a deep love for Hollywood movies among Indians. So by partnering with one of the well-established Hollywood movie houses, the group aims to attract investors from India.

This unique project is one of the best investment options. It is noticed for its intrinsic value appreciation.  DAMAC Maison will manage the 1, 2 and 3 BHK serviced hotel residences. DAMAC Maison is the hospitality division of DAMAC Properties.

Fully-fitted kitchens and other services make these serviced hotel residences more favorites. Other services include housekeeping, valet parking, concierge, in-room beauty treatments and round the clock kids club, and lots more. All the more the owners will have the option of keeping their residences on rent while they are away. It thus lets them have a source of income as well.