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Mayfair attracting Middle East investors amid falling oil and gold prices
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Outlook for the Indian property sector is good in the wake of the government's action to take the country's gross domestic growth rate to 10 per cent per annum by 2016-17.
Five of the apartments sold broke the previous price-per-sqft record for Mayfair.
Abdullah Noman, head of supervision at the department of building projects, said that next year would see construction of many buildings including the Dh30 million Sharjah Educational Zone.
The mixed-use development, which costs approximately $25 billion over 10 to 15 years, will span a land area of 1.7 million sqm in the centre of Dubai and will be built in two phases.
Wasl Oasis II is made up of 23 buildings with a total of 1,244 residential units
Adani Group is showcasing luxury senior citizen residences at its 600-acre, integrated township Shantigram in Ahmedabad.
Builders sweeten Indian property deals with on-the-spot discounts and offers
The median house price in London was £419,650 in October, about 12 per cent more than a year earlier.
"The advantage that UAE-based NRIs [non-resident Indians] have is that they earn in Gulf currencies that have traded strongly against the rupee. This offsets a part of the house cost already."