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ANAROCK launches operations in Abu Dhabi, to expand into Oman, Bahrain, Saudi & Kuwait

ANAROCK launches operations in Abu Dhabi, to expand into Oman, Bahrain, Saudi & Kuwait

Kolkata, Mar 5 (UNI) 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, a company spokesperson today said.

"We are in aggressive expansion mode in this key market. After our highly-successful deployment in Dubai, Abu Dhabi is the logical next step," says Shajai Jacob, CEO – GCC, ANAROCK Property Consultants.

"We have been marketing prime Indian residential real estate in the UAE since our launch in 2017. ANAROCK's trademark accountability and transparency have been key differentiators in this region, which has historically been plagued by unscrupulous real estate marketing activities,” Mr Jacob said.

“For the first time, real estate-focused NRIs in Abu Dhabi will have access to a wide gamut of under-construction and ready-to-move investment options. ANAROCK now offers them a much-needed alternative to NRI-focused fly-by-night brokerages which sell dubious products for high commissions, jeopardising NRIs’ hard-earned wealth,” he said.

The UAE has a massive complement of non-resident Indians - in fact, Indian expats in the UAE are the single-largest community of Non-Resident Indians (NRIs) in the world.

According to the United Nations' International Migration Report of the International Organisation of Migrants (IOM), the UAE had over 3.3 million Indians in 2017. More than 50 per cent of NRIs living and working in the UAE hail from Tamil Nadu and Kerala.

"Over 30 per cent of UAE-based NRIs live in the biggest cities of Dubai, Sharjah and Abu Dhabi," says Jacob.

"Since these cities also yield the highest purchasing power among white-collar Indian employees, unethical property brokerages have stooped to the lowest marketing practices to sell spurious real estate products to them. Thanks to ANAROCK's thorough due diligence protocols, we have garnered a high level of trust with our Indian customers here," he added.

While office and retail real estate have also become areas of interest to Indian NRIs in the UAE, residential properties continue to be a major draw. Like every other Indian, NRIs attribute a lot of value to investment in realty, in anticipation of their eventual return to India as well as for rental asset yields.


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