The Jumeirah Golf Estates, host to the DP World Tour Championship and one of the Middle East’s prestigious residential golf communities, announced its partnership with SPF Realty, an award winning SME100 real estate agency, ahead of a strategic sales drive targeting Indian property investors. SPF Realty showcased three of Jumeirah Golf Estates’ key developments – The Redwood Avenue, Redwood Park and Alandalus in Delhi.
Real estate investors from India have shown a marked preference for properties in Dubai, owing to its close proximity to India, rationalizing of property prices in the region and the hassle-free purchase procedures in Dubai. The Emirate’s property market has also benefited from the Reserve Bank of India’s move to increase the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. The bank now allows Indians to buy property abroad, hold shares or debt instruments, or any other assets or purchase gifts up to limit of $250,000 (Dhs 917,500) per person per year.