Jumeirah Golf ties up with SPF Realty to sell projects

Dubai-based Jumeirah Golf Estates has tied up with SPF Realty, a brokerage, to sell properties to Indian investors.

PTI| Last Updated: Feb 19, 2016, 16:56 PM IST
Jumeirah Golf ties up with SPF Realty to sell projects
Pic for representational purpose

New Delhi: Dubai-based Jumeirah Golf Estates has tied up with SPF Realty, a brokerage, to sell properties to Indian investors.

SPF will organise a private event in Delhi on February 27 to showcase the Jumeirah's three key projects in Dubai.

Jumeirah said in a statement today that it has entered into the partnership with SPF Realty today, ahead of a strategic sales drive targeting Indian property investors.

SPF Realty, which was established in 2006 and spearheaded by Kalpesh Sampat and Ranjeet Chavan, is a leading real estate agency in Dubai's ever growing market.

"We are excited to meet discerning buyers from Delhi, who are very well aware of the benefits that owning property in Dubai offers, not only in terms of returns on investment, but also in terms of quality of life," said Yousuf Kazim CEO Jumeirah Golf Estates.

In recent years, Indians have emerged as the largest group of investors in the Dubai property market.

During 2015, it was estimated that Indian investment (totaling over Rs 30,000 crore) in Dubai's property market was almost twice that of the next biggest investor ? the United Kingdom, the statement said.

The factors driving the Indian investment in Dubai property market are close proximity to India, rationalising of property prices in the region and the hassle-free purchase procedures.

SPF Realty CEO Ranjeet Chavan said: "The market fundamentals in Dubai remain strong with enhanced transparency, despite the changing market dynamics.

"Some key attractive points are Escrow account linked payments ensuring security and peace of mind; one of the lowest prices per sq ft in the world; and tax free capital gains or rental yields, among many others."