The establishment of the Dubai World Trade Centre (DWTC) as a free zone could draw interest from international investors looking to plough money into a prime property location in the emirate, analysts said. Last week’s decree to transform the exhibition area into a free zone will help to revive international interest in a property market that is cooling down.
“What this means for the property market is that there is added confidence in the sustainability of the rate of growth in real estate and the increasing prices,” said Sallie Bowtell, a Dubai-based partner at the law firm Trowers & Hamlins. More…
