Investor mix is much more varied and longer term | GulfNews.com

Investor mix is much more varied and longer term | GulfNews.com:

"Overseas investors were the first to head for the exit as soon as the first clouds of financial uncertainty appeared on the horizon in 2008. And they were among the first to try and muscle their way back into Dubai’s property market as soon as the headwinds turned favourable in 2011 and they realised they could make full use of the still depressed values.
Which leaves open the question — is the present upturn in the local property market built on funding that could conceivably leave at any stage in search of better returns?
Fadi Moussalli, regional director for the International Capital Group at Jones Lang LaSalle Mena, offers an emphatic “No!”. “It’s undeniable that the Arab region’s turbulence influenced Dubai’s property market in a positive manner; what it means is that there’s a sizeable base of recent investors from the wider region and the GCC who see in a Dubai property asset a longer term commitment,” said Moussalli. “The mix is much more subtle than was the case up to 2008."

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