ANAROCK Launches Dedicated Operations In Abu Dhabi
To expand next into Oman, Bahrain, Saudi Arabia and Kuwait
- More than 50% of NRIs living and working in the UAE have interest in Indian realty; top investment cities are Bangalore, Mumbai, Delhi NCR, Hyderabad, Chennai & Kochi
- In ANAROCK’s Consumer Sentiment Survey, NRIs from the GCC countries comprised maximum share with 36% (followed by 23% from Western Europe, 22% in Asia and 19% in North America)
- NRI investors have a higher appetite for under-construction properties than resident Indians; higher focus on investment for ROI rather than on end-use
Abu Dhabi, 5 March 2019: Marking the next step on its international expansion agenda, ANAROCK Property Consultants has announced the launch of its dedicated office in Abu Dhabi, the high-profile capital of the United Arab Emirates (UAE).
ANAROCK Abu Dhabi is the Firm’s second operational base in the UAE after launching operations in Dubai in 2017.
“We are in aggressive expansion mode in this key market.
Anuj Puri, Chairman – ANAROCK Property Consultants
When it comes to Indian real estate, the topic of NRI investments is pretty much an evergreen one. The fact that Indian developers had, in the past, launched and marketed projects with an almost exclusive eye on NRI customers is certainly no secret.
There were many reasons for this, but the primary one was that NRIs – especially NRIs based in the Gulf and the US – were seen as cash cows with more money than sense.
Time has proved this theory erroneous. NRIs are among the savviest property investors on the Indian market today. This is amply demonstrated by how adroitly they have gauged the new investment trends on the Indian real estate market.
For a long time, the returns on investments that NRIs could get on residential assets were extremely rewarding, considering the significant capital appreciation whilst the rental yields have always been low.
However, during the last couple of years, the market slowdown resulted in capital appreciation on residential assets no longer being as per NRI investors’ expectations.
In the current market conditions,