By: Staff Writer
August 02, Colombo (LNW): Dubai, a city that has transformed its desert landscape into a skyline of architectural marvels, boasts a thriving real estate market with monthly transactions exceeding USD 1.5 billion.
It has become a global hotspot for property investors, drawing attention with its vibrant economy, innovative buildings, and luxurious lifestyle. As Dubai continues to grow, its real estate market presents abundant opportunities for investors.
While Sri Lankans have traditionally invested in real estate overseas in places like Australia, Canada, and the UK, Dubai remains relatively unexplored. This is mainly due to limited awareness and a lack of reliable partners.
The upcoming property show aims to address these issues by providing a platform for investors to meet top developers, explore various properties, and understand the intricacies of international investments.
Investing in Dubai offers significant financial incentives for Sri Lankans. The potential for passive income through rental yields of 6-7% highlights the strength of Dubai’s real estate market.
In contrast, Sri Lanka’s real estate yields range from 1-3%, making Dubai an attractive option for maximizing returns. Additionally, the favorable exchange rate of 91 LKR per AED enhances the financial benefits, providing stability amid global political uncertainties.
A 12-member delegation from Oneroad Group DMCC Dubai, a leading investment consortium, recently concluded a successful visit to Sri Lanka from July 7 to 14, 2024.
Rt. Hon. David Cameron, the former Prime Minister of the United Kingdom, played a significant role. With great enthusiasm, a thorough understanding of every detail, and strong belief in the success of the Port City project, he brought an infectious energy and goodwill to all the investors he met.
Cameron’s presence at the events was remarkable. His commitment to the Port City project was evident, and his energy was contagious. He approached every interaction with investors, whether one-on-one or in group discussions, with the same level of enthusiasm and dedication.
One of the highlights of the events was the exchange of views between David Cameron and Nirj Deva. Deva, a former British and European Member of Parliament and a key organizer of the events, facilitated this engaging dialogue. The stage came alive with their dynamic conversation, filled with insightful questions and thought-provoking responses.
The Oneroad Group expressed their gratitude for the warm hospitality of the Sri Lankan government and reaffirmed their commitment to exploring further investment opportunities.
