UAE is known as a country with large numbers of foreign expats as residents. Currently, more than 85% population of UAE is comprised of foreigners. Out of these large numbers of foreign residents, the highest percentage is taken by Indian citizens. According to recent estimates, there are around 3 million Indian expats living in UAE that form more than 27% population of the country. Most of these Indians are residing on employment visas while others are present as entrepreneurs (on business or trade visas).
Though, it is currently not possible for these Indians (and the citizens of other countries as well) to acquire citizenship of UAE, but they can extend their residential status in UAE multiple times. It is the reason that many Indians are living for generations in UAE. Most of these Indians are present in the emirates of Dubai, Sharjah and Abu Dhabi.
There are two reasons for presence of such large Indian community in UAE. It is mainly due to historic and current trading relations between the two countries and also a result of contribution of Indian citizens in the economic growth of UAE as traders and employees.
The presence of large number of Indian citizens is not only beneficial for UAE, but it is twofold. Indian citizens in UAE are lot more prosperous than their counterparts in India as they are well paid for their services and receive good profit for their business ventures in UAE. In this scenario, the best thing that Indian expats in UAE can have is to purchase property in their country. It is important as they are financially strong and can easily purchase land in their home country and also because they can only remain in UAE as residents and they would like to reserve place in India before their return.
To make this process easier for them, the government of Dubai is encouraging Indian developers and real estate developers across India to present their services to millions of fellow countrymen abroad through “Indian Property Show”. This event in Dubai has been held regularly since past 11 years. This is helpful for these expats as they can have their own property in their homeland.
The popularity of this property show is increasing rapidly. In 2016, the numbers of exhibitors and visitors were 150 and 8,000 respectively. In next year 2017, these numbers increased to more than 200 exhibitors and 14,500 visitors. By viewing this trend, we can easily estimate that the expected numbers of visitors and exhibitors for the Indian Property Show 2018 will exceed further.
This property show is managed by CREDAI that represents thousands of real estate developers from all parts of India. This provides Indian expats a good prospect to purchase property in any part of India. The seminar running alongside the event also assists the visitors for decision-making due to availability of consultants and legal experts.
This is really a great opportunity for both Indian real estate developers and expats in UAE to communicate face-to-face in order to finalize any appropriate deal without any nuisance or delay. The upcoming Indian Property Show 2018 will be organized from 13th to 15th of December 2018 in DWTC Hall 7. Therefore, it is important not to miss this special chance to promote your property business in Dubai and UAE. We at Riz & Mona Consultancy can assist you in providing complete information and reserving your place in this biggest and most famous property show in Dubai. We are available via WhatsApp # 971-56-9971225 and email address [email protected]