Reasons why investor interest is increasing in “safe-haven” real estate – ArabianBusiness
- Date: 12-Apr-2022
- Source: Arabian Business
- Sector:Economy
- Country:Middle East
Reasons why investor interest is increasing in “safe-haven” real estate – ArabianBusiness
In retrospect, 2021 was a seminal year for the Dubai property market as we emerged from a seven-year bear cycle that had lowered capital values by 40 percent to 50 percent since their peak in early 2014 in most micro-markets.
The catalysts for the turnaround were both global macro capital flows, as well as the hugely successful policy responses of the UAE government to the pandemic and its resulting socioeconomic trauma.
The macro catalyst was primarily the collapse of most emerging market currencies at a time when the king dollar is on a rampage, with the US Dollar index up 12 percent in the past year.
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