High property ownerships and rental prices in India are forcing many Indian real estate investors to acquire properties in the Gulf countries and the United Kingdom to meet their residential and official needs in these Markets. Mohammed S Binbrek, CEO, Dubai Properties told FE, “Indian investors are planning to acquire Jumeirah Beach Residence comprising 36 buildings and 6,500 apartments apart from Business Bay – 64 mn sq ft along world class infrastructure for commercial use and The Villa at Dubailand (Spanish-style Villas). Investors have also shown interest in acquiring apartments in Mudon property (incorporates five individual cities - Baghdad, Beirut, Damascus, Cairo, Marrakech).” Marketing of these properties is being handled by Mumbai-based Morya Housing, which currently has a marketing arrangement with Dubai Properties.
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