{"id":56346,"date":"2023-07-03T10:16:20","date_gmt":"2023-07-03T06:16:20","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=56346"},"modified":"2023-07-03T10:16:20","modified_gmt":"2023-07-03T06:16:20","slug":"zazen-gardens-sells-out-with-22-different-nationalities-investing-in-the-sustainable-development","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/zazen-gardens-sells-out-with-22-different-nationalities-investing-in-the-sustainable-development\/","title":{"rendered":"Z\u0101ZEN Gardens Sells Out With 22 Different Nationalities Investing In The Sustainable Development"},"content":{"rendered":"

Z\u0101ZEN Properties<\/a>, a leading sustainable property developer in Dubai, cites that Indians are increasingly investing in the Middle East\u2019s real estate market with the UAE and KSA being preferred destinations of choice; industry analysts expect Saudi Arabia\u2019s real estate industry to flourish as the country\u2019s inches towards achieving Vision 2030, with expectations that the kingdom will parallel that of the UAE\u2019s real estate market. As it stands today, the UAE remains far and away the most appealing location for real estate investment in the GCC and Madhav Dhar, COO of Z\u0101ZEN Properties<\/strong>, explains the factors attracting a continuous inflow of Indian and International investors.<\/p>\n

After investing roughly AED 15.9 billion in Dubai\u2019s real estate sector in 2022, Dubai Land Department (DLD) data credits Indian investors for facilitating 11.9% of the 97,398 property transactions that were logged last year. This percentage reflects the second-highest investment by any nationality, trailing only British buyers who accounted for 21.2% of real estate purchases during this same period. Indians have been among the leading nationalities to buy real estate in Dubai since 2015, and in 2023, the emirate has continued attracting this investor demographic at a strong rate.<\/p>\n

Indians have long been intrigued by the prospect of investing in Dubai\u2019s real estate market due to the high investment rental yields that come with it; the cosmopolitan city offers a gross rental yield ranging between 6-10%, and an average return of around 7.5% to provide greater appeal than that of prime locations such as New York, Hong Kong, and London. The UAE\u2019s consistent influx of Indian investors is also attributed to the country\u2019s favourable tax policies. With India reportedly having prepared to quadruple taxes on outward remittances at the start of October, many investors from the South Asian country injected their capital into Dubai\u2019s real estate sector during the first half of 2022 to save substantially.<\/p>\n

This trend was noticeable throughout the sales cycle of Z\u0101ZEN Properties\u2019 latest development, Z\u0101ZEN Gardens in Al Furjan. LEED Gold-rated and Well-Being integrated, the first-of-its-kind project in Dubai sold out in less than six months with Indian investors representing the highest-buying demographic. Out of 155 units which were available for sale, Indian-origin investors snatched up 70%, Eastern European investors accounted for 8%, Pakistani buyers purchased 6%, and 4% of the inventory was purchased by various EU nationals.<\/p>\n

Madhav commented:<\/strong> \u201cZ\u0101ZEN products attract a wide range of buyers and investors alike. We had 24 different nationalities purchase in our Z\u0101ZEN One project in JVT and now have 22 different nationalities with Z\u0101ZEN Gardens. The UAE is home to 10 million-plus people, and Indians account for more than 25% of the country\u2019s total population. With Indians continuing to migrate to the UAE in increasing numbers, the percentage of investors in each project is bound to skyrocket and the purchasing power of these individuals will be displayed in full strength. World-class infrastructure, the convenient geographical location, and the renowned business hub that Dubai is known to be are all contributing factors to the surge of Indians investing in UAE real estate. Non-Resident Indians (NRIs) and Indian investors, will continue investing in Dubai\u2019s booming property market, as will other nationalities.\u201d<\/p>\n

In KSA, Indians make up around 19% of the country\u2019s expatriate population. With the kingdom striving to fulfil a variety of ambitious objectives, Indian investors appear poised to target real estate investment opportunities in Saudi Arabia over the coming years. However, the UAE will maintain its leading position in the Middle East with developers innovating to reach net zero 2050 mandates, among other goals. Z\u0101ZEN Properties\u2019 brand operates with these green initiatives in mind, and its latest project Z\u0101ZEN Gardens is a testament as 469 metric tonnes of carbon emissions will be reduced annually upon the development\u2019s completion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Z\u0101ZEN Properties, a leading sustainable property developer in Dubai, cites that Indians are increasingly investing in the Middle East\u2019s real estate market with the UAE and KSA being preferred destinations of choice; industry analysts expect Saudi Arabia\u2019s real estate industry to flourish as the country\u2019s inches towards achieving Vision 2030, with expectations that the kingdom […]<\/p>\n","protected":false},"author":1,"featured_media":56347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/56346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=56346"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/56346\/revisions"}],"predecessor-version":[{"id":56348,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/56346\/revisions\/56348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/56347"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=56346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=56346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=56346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}