A Flat in Upscale Mumbai Costs More Than a Flat in Burj Khalifa!
A senior executive at Emaar, a Dubai-based construction firm stated that among Indians, Dubai has become one of the most sought-after destinations to buy property due to better quality of life, world-class amenities and advanced infrastructure unlike in India.
Mainly buyers who buy property in Dubai are successful businessman, celebrities and high net worth individuals. Celebrities like Shilpa Shetty and Mohan Lal of film industry possess property in Burj Khalifa-world’s tallest building and Shah Rukh Khan own an island on Palm Jumeirah followed by David Beckham, Brat Pitt and Angelina Jolie.
When planning to invest in overseas property, home buyers should bear in mind that foreign rules are not to be violated while buying property. In overseas property investment, Reserve bank of India (RBI) allows investment upto $200,000 per annum. So when making a final call, it is always better to check with the broker’s background and whether the broker is a registered one.
Also Read: Wealthy Indians Prefer to Buy Home Overseas