Asians invest Dh 9 billion in UAE's real estate

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Dubai, April 27 (UNI) Asian investors, including those from India, have invested approximately nine billion dirhams (Rs 91 billion) in emerging real estate developments in the UAE from March 2007 till date, according to figures released here today.

Quoting recent market studies, Bonyan International Investment Group said with industry experts projecting further growth in investment opportunities within the UAE real estate market, investors from India, Pakistan and Iran continue to patronise commercial, residential and mixed use spaces within the country's most sought-after developments.

Shobha Developers from Bangalore, Dhiraj from Mumbai, and several other India-based real estate companies here are among the investors in multi-billion projects here.

Backed by a strong portfolio of high value real estate offerings and an array of value added services, Bonyan's strategy is to develop more unique projects that can deliver outstanding investment returns.

In addition to favourable economic and geographical conditions, the involvement of governments through several landmark legislations, being enacted across the seven emirates, has further positioned the UAE as regulated and investor-friendly market, Bonyan said in a statement.

UNI XC SG AS1504

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