Foreign investors will keep Dubai’s property market’s boom going into 2023

Foreign investors will keep Dubai’s property market’s boom going into 2023

Dubai: For Dubai and the UAE’s property market to sustain its 2022 momentum, those foreign investors need to keep on buying. Developers believe a repeat is in store in 2023, and putting their considerable resources into new launches, and not overly concerned about property market up-and-down cycles. Through this year, a considerable inflow of funds into local property was from global investors homing in on UAE’s status as a safe haven. A place where investments can be secured in a secure operating environment. The fourth quarter of 2022 offered more glimpses of such inward fund flow seeking just such an address, whether that’s at an Emaar project, a villa from Damac, a signature penthouse from Omniyat, snazzy water-side apartments from Sobha, or a community from MAG or Azizi. What mattered above all else was ‘Brand Dubai’ and Brand UAE’. And that’s the ultimate address. In an interview, Gaurav Aidasani, founder and Managing Director of Union Square House, talks of this pull factor. Even before the situation with Ukraine, Dubai has always been a favourite destination for Russian investors and tourists. Russians have always flocked to the emirate during winter to enjoy the weather and the beaches. Since the pandemic started