Burj Khalifa district amongst most popular locations for luxury home purchases

  • 11 years ago
  • Uncategorized

The Burj Khalifa district in Dubai has been listed amongst the popular locations for ultra-rich Indians to buy property.

A report, published by Kotak Wealth Management and CRISIL Research, has suggested that high net-worth individuals are particularly attracted to cheap property taxes in Dubai and the exclusivity which comes with living near the world’s tallest skyscraper.

Emirates247.com reports that Dubai is regarded as one of the top global cities to offer great value on luxury homes. In contrast, the property markets in Mumbai and New Delhi have been ranked amongst those that offer the worst value.

Perhaps then, it’s little wonder that Indians are ranked as the top expat property investors for Dubai in 2013, having spent roughly eight billion dirham in the first half of 2013.

Of course, the exclusivity of the Burj Khalifa district is also proving increasingly popular amongst high net-worth investors from other nations too as well as tourists.

Reuters.com reports that passenger traffic through Dubai International Airport has risen by 13.1 per cent in a year to a total of 5.4 million.

Meanwhile, the city’s new Al Maktoum International airport, due to become the world’s largest upon completion, welcomed its first commercial flight this weekend.

Compare listings