MUMBAI IS COSTILIER

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Large number of realtors in India showing their interest in Dubai’s real estate market and this is happening only because of Dubai’s real estate market is cheaper than Mumbai.
“Comparatively investors can save 60% percent on per square foot in Dubai’s real estate market” DAMAC said. Leading real estate company of Dubai as well as in Middle East DAMAC added that foreign investors is constantly moving towards Dubai’s market as new norms has been introduced like, the new Strata law, which supports home owners.
In a statement DAMAC said Indian investors will take the advantage of the opportunities which is now exist in Middle East property market. On an average rate per square foot of USD 264 in Dubai, according to Colliers International, property is now 60 per cent cheaper than in central Mumbai, where the price per square foot is USD 664 as per to Jones Lang LaSalle.
“Though confidence was shaken following the global slowdown but still investors are showing their interest in the property buying and financial institutions have also begun to regain confidence in the real estate market” DAMAC Properties Senior Vice-President Niall McLoughlin said in media conclave.

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