Damac Bangalore : Dubai-based developer Damac has announced the appointment of Mohan Bylappa as its Bangalore-based senior Sales Manager of business development and in its effort to accelerate Investment opportunities to Indians at Dubai
damac Bangalore
Damac International Limited said in a statement that it is exploring further investment opportunities following the success of its Reva Residences Hotel Apartments tower, coming up in Buisness bay Dubai, Over looking the Dubai canal
“Damac International Limited has enjoyed phenomenal growth by selectively choosing expansion markets that have helped position it as a major regional and international property developer,” said Hussain Sajwani, chairman of Damac.
damac Bangalore
The Silicon city of Bangalore is very Important to Damac from the Investors point of view as the city is the home to the largest High net worth Individuals followed by Delhi and Mumbai
Indians bought property worth Rs 42,000 crore in Dubai from January 2016 to June 2017, making them yet again the top foreign property investors in the Emirates, according to the Dubai Land Department. This is an increase of Rs 12,000 crore from 2014+ , when the department recorded Indian buyers investing Rs 30,000 crore that year. This was more than a quarter of total sales of Rs 1 lakh crore of non-Arab property investments in 2014.
“For years, Indians have consistently been the most prolific+ non-GCC buyers of Dubai real estate. From January 2016 to June 2017, they bought property worth more than Rs 42,000 crores in the emirate,” said a statement from Dubai Property Show. The show will hold its third exhibition in Mumbai from November 3-5 at Bandra-Kurla Complex.
A study by Dubai Property Show reveals the purchase pattern of Indians looking to invest in Dubai real estate, along with the preferred property type. According to the study, most (88%) Mumbaikars and residents of nearby cities, including Pune, Ahmedabad and Navi Mumbai, are primarily looking to invest Rs 3.24-6.5 crore. About 8% plan to seal the purchase within the budget range of Rs 65 lakh to Rs 3.24 crore. The rest were looking to buy properties above Rs 6.5 crore. While selecting the property type, apartments were the most preferred (33%), with villas following at 17%. Commercial property and land stood at 9% and 6% respectively. Around 35% were undecided when answering the survey questions.
Mr Mohan Bylappa has more than 14 years of Experiance in the Real estate investment segment, Prior to joining Damac he worked with Sobha, Tata housing and raffles, he will be based in Bangalore and is reachable at +91-9945755991, +971-554518939 and mail at at Mohan.Bylappa@damacgroup.com
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