India has emerged as the biggest real estate investor in Dubai, playing a key role in the development of the real estate market in the city. According to the Betterhomes residential market report, Indians topped the list of top nationalities in the June to September quarter, compared to the first quarter, when Britishers topped the list. This is because Indians purchase new homes in Dubai for end-users or investors looking for better yields and golden visa eligibility. Indians have consistently been one of the top five buyers of new homes in Dubai. However, increasing wealth and geopolitical isolation, such as that of Russia, have changed the dynamics of the market.… Read more
All Posts
Dubai’s Branded Residences Boom Takes Off in Recent Years!
Leading the pack when it comes to designer-developer collaborations, DAMAC Properties has forged several strategic partnerships with world-renowned fashion and luxury brands in recent years. “DAMAC’s strategic partnerships have revolutionized luxury living destinations in the UAE and redefined the notion of branded residences,” said Amira Saiwani, managing director of Sales and Development at DAMAC Properties. Highlights of DAMAC’s partnerships include Cavalli-branded DAMAC Towers, by Paramount, DAMAC Hills 2, and Gems Estate, a jewelry house themed around Gems. … Read more
Campaign For Sustainable Trade And Smart Ports!
The India-Middle East – Europe Economic Corridor (IMEC) was announced at the G20 Summit in New Delhi as a game-changer for catapulting Indian ports to the top of the global trade chain. This ambitious corridor is a testament to India’s unwavering resolve to strengthen its maritime trade infrastructure and a forward-thinking approach to economic growth. It also provides an opportunity to build on India’s achievements under regional security and growth for all in the region (SAGAR) and domestic Sagarmala. With the changing dynamics of global trade, India’s sea ports have made significant improvements to enhance their global competitiveness.… Read more
India Still a Potential Market Despite the APAC Commercial Real Estate Deals’ Tough Spell in Q3!
Asia-Pacific commercial real estate hit a three-year low in third-quarter 2023, with deal volumes falling 37 percent year-on-year to $25,7 billion, according to a report from MSCI, the region’s largest commercial real estate market, and the lowest level since 2010. The report says the previous quarter was promising, but the story of a “higher for longer” interest rate environment put a damper on optimism for an early rebound. Most of the region’s countries saw a decline in deal volume. India accounted for 44 percent of the increase at $1,5 billion, led by Brookfield’s $683 million sale of 50 percent of its Mumbai office portfolio to Singapore’s GIC. … Read more
ADB & India Announce a $400 Million Financing Agreement to Build Urban Infrastructure!
India signed a policy-based $400 million loan agreement with ADB on Monday to develop quality urban infrastructure, enhance service delivery, and support effective governance systems, the finance ministry said in a statement. The program includes integrated planning reforms for controlling urban sprawl and promoting systemic and envisaged urbanization by strengthening the whole ecosystem of legislative, regulatory, and institutional reform. Sub-programme No 1 approved in 2021, with $350 million in funding, established national policies and guidelines for improving urban services. Sub-programme No 2 promotes investment planning and reforms at the state level and urban local bodies (ULBs) level.… Read more
Theme of the India International Trade Fair Pavilion for Indian Railways!
IITF 2023 is being hosted by the Ministry of Railways. The 42nd edition of the India International Trade Fair is being held in New Delhi from November 14 to 27, 2023. In Hall No. 5, the Railways Ministry has established a pavilion with the theme “Changing India’s Infrastructure”, which was inaugurated by the Chairperson and CEO of the Railway Board. Taking a cue from IITF’s theme of Vasudhaiva Kutumbakam – United by Trade, the Railways’ pavilion showcases the journey of Indian Railways and how it has left its footprints around the world through the export of locos, coaches and DEMU trains. The pavilion also highlights the Railways’ commitment to Net Zero Carbon emissions. Various themes have been highlighted in the … Read more
Security Deposits in Indian Rent Agreements: Everything You Need to Know!
A security deposit, also known as a caution deposit, is a sum of money paid by a tenant to a landlord as a guarantee for the performance of the rental agreement. It serves as a form of security for the landlord in case the tenant breaches the terms of the agreement, causes damage to the property, or fails to pay the rent.… Read more
DIY Home Decor Ideas for Stunning Bottle Decorations!
Empty bottles, often destined for recycling bins, can be transformed into stunning pieces of home decor with a touch of creativity and imagination. From rustic charm to modern elegance, bottle decoration projects offer a plethora of possibilities for DIY enthusiasts. … Read more
Tips for a Sparkling Bathroom!
Your bathroom is more than just a functional space; it’s a sanctuary for relaxation and personal care. However, maintaining a clean and hygienic bathroom requires more than a quick wipe-down. Deep-cleaning your bathroom not only enhances its aesthetic appeal but also contributes to a healthier living environment. In this blog, we’ll explore some tips and tricks to help you achieve a sparkling clean bathroom that radiates freshness and tranquility.… Read more
Unraveling the Deed of Reconveyance in India: Significance and Meaning!
In the intricate realm of real estate transactions, certain legal documents play a pivotal role in defining property ownership and financial obligations. One such document that holds significant importance, especially in the context of mortgages, is the Deed of Reconveyance. … Read more