The visit by Vice-president and Prime minister of the UAE Shaikh
Mohammad Bin Rashid Al Maktoum proved highly beneficial for Indian
real estate companies as it let them garner deals over $20 billion.
Dubai can serve as the gateway to the region for Indian exports
as the country comes next after the United States and China in
terms of India’s yearly bilateral trade, says Shaikh Mohammad.
Recently, DLF, one of the prominent real estate builders in India
with Dubai based property developer Nakheel have entered into
a joint venture worth $20 billion to develop two mega residential
projects in India.
Following in footsteps is Hinduja Group which has signed a $275
million deal with Nakheel to construct a resort and commercial
space in Dubai.
HIndujas has also signed another deal with Limitless, an arm
of Dubai World, to develop property for medical facilities. This
project will be put on a track with an initial investment of $1
billion.
