What makes Dubai property suddenly within reach for India’s middle class? | World News

Indians made up 22% of Dubai’s property buyers in 2024, investing roughly AED 35 billion (₹84,000 crore), with over 29,000 buyers owning more than 35,000 homes/ Image: Pexels Dubai, once the playground of India’s high net-worth elite, is now seeing a very different kind of investor. The city that once sold penthouses to film stars […]

Indian buyers warned: Using international credit cards for Dubai property payments, violates RBI rules | World News

Indian buyers using international credit cards for Dubai property risk violating FEMA, bypassing RBI’s $250,000 LRS, and facing penalties/Representative Image Indian buyers investing in overseas real estate, particularly in Dubai, have been cautioned against using international credit cards (ICCs) for down payments. Such transactions can violate Indian foreign exchange laws and attract serious legal and […]

UAE: What is real estate tokenization? Dubai’s Prypco sells out Dh1.75 million tokenized villa in under 5 mins | World News

Tokenized real estate is projected to make up 7% of Dubai’s property market by 2033, with an estimated value of Dh60 billion/ Representative Image Prypco Mint sold a tokenized Dubai villa worth Dh1.75M in under five minutes to 169 investors. Real estate tokenization enables fractional ownership, offering secure, low-barrier access via blockchain. Tokenized assets could […]