Real Estate

Dubai tycoon Sajwani ‘amazed’ at property bounce, but analysts say buyer beware


The billionaire behind one of the UAE’s biggest property developers is taking the company he founded private, saying Dubai’s nascent real estate rebound is here to stay.

“Amazing,” Damac Properties founder Hussain Sajwani said on Monday when asked to describe the recovery in Dubai’s bust-to-boom property sector, which is on an upswing after years of price declines and rampant oversupply.

“I’ve seen Dubai over the last 20 years, and it’s gone through cycles,” said Sajwani, a veteran of the sector known for his brash marketing campaigns and luxury-on-a-budget developments that have shaped the Dubai skyline.

“I don’t think this is something temporary. This is something long term,” the realtor…


0 0 votes
Article Rating

Consumer Reports 2021 auto reliability survey: How Tesla, EVs fared

Previous article

Alibaba earnings fiscal Q2: Revenue misses, earnings plunge

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate