Investors turn to Dubai to escape political unrest

28/02/2011 - Dubai Property News Posted by Bob Brunskill
Investors turn to Dubai to escape political unrest
Instability in MENA countries such as Libya and Tunisia is likely to have and impact on the level of Dubai property investment, it has been suggested.

This is according to Gary Dugan, the chief investment officer and acting general manager of private banking at Emirates NBD, who believes that the political unrest in the nations will encourage investors to look at property in the region.

Mr Dugan commented: "The premium segment of Dubai's property sector is likely to get a boost from capital inflows from some of the countries that are facing political turmoil in the region."

He predicted that individuals with real estate in MENA countries will look to move capital towards the emirate, thanks to its status as one of the most secure markets in the region.

"Local equities still prove attractive, but investors should wait before buying emerging market equities, which face near-term challenges and equity prices in general are no longer as low as they were," Mr Dugan added.ADNFCR-2019-ID-800432493-ADNFCR