Where to buy home India, Dubai or London?

By Rohit Sharma

MUMBAI:

The Indian Real Estate Sector and as well as Dubai Real Estate is booming in terms of price, sq. ft., amenities, schemes etc. Pradhan Mantri Awas Yojana (Housing for all by 2022) has helped the Indian realty to grow fast and amenities, pricing has helped Dubai to be a leader.

“The Dubai as a market is very well defined and structured in terms of amenities and planning, with
low maintenance. The properties / societies built there have cross cultural tastes which make it
versatile and open for people across the world to invest in”, Manoj Asrani, First Executive, BrickAsset Pvt Ltd said.

Talking about the rates, The property rates in Dubai and London are much more affordable and have better yield and ROI as compared to that in India. Whether that is for residential or commercial, there are better rental opportunities in Dubai with approximately minimum 8- 10% per year and in certain areas this goes upto even 13-14%, he added.

One can find a studio apartment in a good locality in Dubai starting from 60-70 lakhs, 1 BHK in 1 –
1.5 crore and a 2 BHK from 2 crore onwards.

The square feet offered by developers in Dubai are very much similar to that in India of a studio
apartment ranging from 350 – 450 sq ft, 1BHK in the range of 550 – 800sq ft and 2BHK around
900 to 1000sq ft, Asrani said.

There are several top projects in Dubai and India like projects by Hiranandani Communities, Rustomjee, Nahar, Spark Group in India and Damac Towers, Damac Heights, Danube Lawnz, Danube Resortz etc in Dubai.

He said, “Dubai has one of the best schemes available in terms of home loans which make it the top real
estate investment destination; EMI post possession.”

 





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