NEW DELHI: An Indian HNI woke up to a message from a Dubai-based broker on Tuesday, asking for the best offer for a beachfront property, which was “in distress”.But, the West Asia crisis has created doubts in her mind over Dubai’s well-earned reputation as a haven.She is not alone and multiple realtors say many Indians have put their Dubai buys — primarily made for rental income and of course long-term capital appreciation — on hold. The reason: Indians accounted for 10% of property sales in Dubai in 2025, up from 6% in 2024, according to Knight Frank.A number of developers including Emaar, DAMAC, Sobha, Danube, Nakheel and Dubai Holding have for the past few years been targeting buyers from India.With properties starting at Rs 2.5-3 crore and sky being the limit, Dubai was seen as more affordable than south Mumbai and Gurgaon and offering higher rentals. While developments like these can create temporary uncertainty, the underlying fundamentals remain resilient overall.”Executives at multiple real estate developers call the current crisis a “blip” in the Dubai rather than UAE story.
Author: Saurabh Sinha
Published at: 2026-03-03 23:28:33
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