Real estate funds expect growing opportunities in Dubai as the speculative rush in the emirate’s property sector subsides and new supply starts to stabilize the market, a fund manager said.
According to a report in Reuters, funds had difficulty accessing suitable properties in Dubai when the boom started four years ago because developers would immediately sell individual unit or whole floors off plan to speculators to earn a quick return. Funds, which prefer to buy entire buildings, have benefited as the market cools and more developers wait to sell completed developments to funds.
