01 August 2016
• Indian-based Awards name Redwood at Jumeirah Golf Estates as the ‘Luxury Project of the Year’
• Judges declare Alandalus at Jumeirah Golf Estates as the ‘Most Admired Upcoming Project of the Year’
• News comes as Dubai Land Department reveals scale of Indian investor interest in Dubai real estate
Dubai,UAE 01/08/2016: Dubai’s Jumeirah Golf Estates, host of the DP World Tour Championship, has taken home two major awards at Indian-based real estate awards ceremony - the World’s Best Realty Brand Awards 2016 Asia, as India is revealed as Dubai’s largest real estate investor group outside of the Arab world.
Jumeirah Golf Estates’ high-end collection of villas and townhouses, Redwood, overtook competition from across Asia to be crowned ‘Luxury Project of the Year’. Meanwhile, the spotlight shone brightly on the community’s affordable luxury development of 715 apartments and townhouses, Alandalus – which was named the ‘Most Admired Upcoming Project of the Year.’
Underscoring Jumeirah Golf Estates’ appeal to Indian buyers – whom contributed AED7 billion ($1.9 billion) to Dubai real estate sales in H1 2016 (DLD) - the awards ceremony, held at an exclusive event in New Delhi, saw the world-class luxury lifestyle development recognised amongst the best in the Asia region.
Yousuf Kazim, CEO of Jumeirah Golf Estates, said: “Our luxury lifestyle offering is in sync with the demands of Indian buyers and to be recognized by this leading real estate industry authority is testament to Jumeirah Golf Estates’ resonance with the Indian market, and the wider Asia region.
“We are experiencing an influx of demand from the Indian market and as Indians re-emerge as the largest group of investors in Dubai real estate outside of the Arab world for the third year running, we are constantly renewing our focus on this strategically important market. The results of this are clear, with appreciation and recognition of our proposition in India now at new heights,” commented Kazim.
Commenting on the key to Dubai real estate’s success in the Indian market following the awards ceremony, Kazim concluded: “In addition to Dubai’s tax free environment, Indian buyer and investor confidence in Jumeirah Golf Estates has been boosted by competitive prices per square foot, in comparison to metropolitan cities in India. Furthermore, a move by the Reserve Bank of India to allow investors to freely send up to $250,000 overseas to buy property paired growing transparency in the emirate’s real estate market, positions Dubai as an real estate investment hotspot in the eyes of the Indian market.”
The World’s Best Realty Brand Awards Asia 2016 received entries from across the real estate industry - from builders, developers and interior designers to architects and property advisors. The entries were judged by an independent jury in New Delhi throughout July 2016.
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