Indian expats prefer investing in flats: Study

15.03.2015
Dubai Marina, Downtown Dubai and Jumeirah Lake Towers (JLT) are among areas that are most popular.

The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.

Bayut.com found that nearly 61% of Indians surveyed were searching to buy a house in the past three months, out of which 83% were looking for an apartment.

Among the sought-after localities are Dubai Marina, Downtown Dubai and Jumeirah Lake Towers (JLT), Emirates 24/7 reported.

Only 13.71% of Indians showed an interest in buying villas, while for townhouses the search was limited to 1.71%.

Indians have invested AED44 billion in Dubai’s real estate market in the last three years, including AED18 billion in 2014, according to Dubai Land Department data collated by Emirates 24|7.

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