Political unrest to have a 'positive impact' on UAE property market

26/04/2011 - Dubai Property News Posted by Bob Brunskill
Political unrest to have a 'positive impact' on UAE property market

Property markets in Dubai and Abu Dhabi are set to benefit from political unrest in Gulf region and Middle East, it has been claimed.According to a poll of 12 banks, investment and research firms by Reuters, the social unrest will have a positive impact on the UAE market, with the country seen as a safe haven for investors in the region.Indeed, both Dubai and Abu Dhabi will emerge as destinations for companies and investors looking for a more stable environment to conduct business in."Regional unrest highlighted again Dubai's status as a safe harbour," Nabil Ahmed, real estate research analyst for Deutsche Bank, told the news provider."We expect foreign money in some of these countries to be withdrawn and reinvested in Dubai. The real estate sector could benefit from this."It comes in the wake of the results of the latest Friends Provident International (FPI) Investor Attitudes Report, which found that investor confidence in the UAE has continued to improve.