Worst Is Over for Dubai Property as Buyers Return, Nakheel Says
- Chairman Ali Rashid Lootah says serious buyers returning
- Dubai may attract investors seeking alternatives to U.K.
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Dubai’s property market is bottoming out as buyers return to the market and the emirate offers an alternative to investors worried about the U.K.’s Brexit vote, according to Nakheel PJSC Chairman Ali Rashid Lootah.
“I think the worst is over,” he said in an interview in Singapore. “Dubai is growing, we are seeing signs of more inquiries -- serious inquiries -- and I think that’s a sign of recovery. The market is maturing, we are seeing more serious, cautious investors, not speculators.”