Dubai has been selling this 'safe haven of the Middle East' vibe for years, but the recent Iran situation is really putting that to the test
The panic is actually real… people went from aggressively buying off-plan to trying to cash out ASAP
So, are we about to see a massive real estate crash with money fleeing the region? Or is all this fear already priced in, and big players are just waiting to buy the dip? What do you guys think?
Are we about to see the biggest fire sale in Dubai real estate history, or is the 'fear' priced in?
byu/tohangout ininvesting
Posted by tohangout
8 Comments
real 💀😂
Any data you want to share to back that up
It’s still a desert.
Dubai real estate was always a sketchy investment
it’s still a safe haven.
People there are still going on about their normal lives and chilling, there’s no immediate threat of ground invasion and Iran’s missles are kind of weak. Long term this place is still fine.
Housing sales were down, so how is it “trying to cash out ASAP”?
I really can’t imagine why an individual would want to invest in Dubai real estate
Where would these people go?
The reason people live in Dubai or buy real estate there isn’t going to change.
If they use it as their main residence it’s because of the tax benefits, legal benefits, and/or lifestyle. Lifestyle is paused for now but that’s not gonna change. The benefits aren’t going to change.
If it’s your 2nd or 3rd property you do not care about anything going on right now. You’ll just come back next time there’s a big event etc
I’m sure there are a handful of British nationals or something that weigh the benefits and safety and decide to go home but this isn’t going to kill Dubai.