Damac Sees Iran Investments Countering Dubai Property Dips
This article is for subscribers only.
Damac Properties Dubai Co. is optimistic that investment from Iran in Dubai property could offset a slowing market in the Middle East’s commercial and tourism hub.
Iran’s progress in negotiations with Western governments, including the U.S., could open doors for Iranians to invest in the emirate’s property market, Adil Taqi, group chief financial officer of the Dubai-based developer, said in an interview.