Delhi NCR remains the best destination for real estate investment for UAE NRIs

Delhi NCR remains the best destination for real estate investment for UAE NRIs

India’s Delhi-National Capital Region (NCR) has alwyas been a favorite destination for Indians working in the United Arab Emirates (UAE) to invest in real estate back home. Currently, expats and Non-Resident Indians (NRIs) living in the Gulf region are looking at double-digit appreciation on their property investments in Delhi-NCR.

While more than 56 percent of all real estate investments by NRIs are made in Delhi-NCR, Bengaluru is second on the list with 22 percent with Mumbai coming third with 11 percent.

In the year 2021-22, middle-income NRIs in the UAE were the demographic to invest most prolifically in the National Capital Region realty market.

A study conducted by Square Yards, one of the fastest growing Proptech platforms in the UAE has revealed that bigger chunks of investments by NRI customers go into India’s big metro cities.

Statistics from Square Yards indicate that Delhi-NCR continues to be the top-ranked destination, clocking 56 percent of the total properties bought.

Other major regions are Bengaluru (22 percent), Mumbai (11 percent), and Pune (6 percent). Furthermore, the Proptech platform also established that during 2021-22, most properties bought by NRIs in the UAE were worth less than $125,468 (INR 10 million).

This demographics comprised almost 86 percent of the total properties