Gemini Property Developers Attracts Indian Realtors to Dubai
Key Highlights:
- The value of real estate brokers’ commission totaled over Dh1.5 billion in 2016, Dubai Land Department
- Dubai has 5,933 brokers
- Indian foreign investors top the UAE realty market with Dh12 billion worth of property transactions from 6,263 buyers, Dubai Land Department
- The Real Estate Kings (TREK), a highly professional broker group based in Mumbai.
Dubai – UAE
Gemini Property Developers, a boutique real estate developer, received on 22nd April 2017, a group of top Indian real estate brokers from The Real Estate Kings (TREK), a highly professional broker group based in Mumbai, India.
The group was given a comprehensive presentation about Dubai’s real estate market and about the latest project – Gemini Splendor by Gemini Property Developers.
The Dubai Land Department in its last quarter of 2016 report announced that the total value of real estate brokers’ commission was worth over Dh1.5 billion, while, Dubai has 5,933 brokers and 2,285 brokerage houses. The increased number of realtors in Dubai indicates Dubai’s popularity among investors.
Indian brokers are among the highest registered real estate brokers in Dubai. Indian foreign investors top the UAE realty market with Dh12 billion worth of property transactions from 6,263 buyers, revealed a Dubai Land Department report released in Q1 2017. Dubai is increasingly becoming a hot favourite destination with Indians for a number of reasons including high capital gains, great return on investment, tax-free environment, proximity to India, and transparent deals amongst many others.
Mr. Sudhakar R. Rao, Managing Director of Gemini group, said: “Strong regulations, safety of investments and transparency attracts realtors to Dubai. The city has built its reputation in international real estate brokerage fraternity. The top brokers from India taking strong interest in our project – Gemini Splendor – is testament of this reputation. The group was overwhelmed by the quality and commitment set by Gemini Property Developers.”
Dubai’s regulated market, safe environment, higher and secure yields are the major attractions for realtors. Brokers and real estate offices operating in the Emirate secure a higher income from commissions for their services to investors and real estate development companies.
Gemini Splendor, a Dh300 million G+8-storey residential building is being built at Sobha Hartland within the Mohammed bin Rashid City (MBR) Dubai. The project with a built-up area of over 320,000 square feet will include 134 residential units comprising spacious one, two and three-bedroom apartments, penthouses and townhouses equipped with state-of-the-art amenities. Apartment units range from 780 square feet to 3,400 square feet.
Gemini Splendor at Sobha Harland community will also have comprehensive retail, shopping and entertainment facilities, along with much needed green spaces. The project is scheduled for completion in the first quarter of 2018.
Mr. Avinash Khatter, President of The Real Estate Kings (TREK), commented: “Dubai is lucrative market for international Indian brokers. The real estate market here has everything on offer – from high-end luxury to affordable housing, making it a perfect destination for Indian investments.”
“Gemini Splendor has everything that an Indian real estate investor need. Our group forecasts a high demand for Dubai Properties back in India”, he concluded.
About Gemini Property Developers:
Gemini Property Developers is the real estate division of Gemini Energy Group, one of the well-known business groups in the Middle East and India. Gemini Group has around 30 years of successful business experience in various fields, including oil and gas, Testing and Inspection services, Trading and allied fields.
Founded in 1986 by Sudhakar R. Rao, the group was originally started as Sievert Group, specializing in technical Testing and Inspection before recently divesting that business to a French multinational giant. Gemini group has plans to develop state-of-the-art yet affordable luxury properties across the region, adhering to highest standards of quality in design, technology and materials. It strives to build a reputation based on quality, efficiency, meticulous planning, top quality amenities, practical designs, timely completion and hand-over of projects.
