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Kashif Ansari addresses the media in Dubai.
Inayat-ur-Rahman, business editor
The UAE economy continues to gain momentum as global investors shift their investments to the UAE.
Kashif Ansari, co-founder and group CEO of Juwai IQI, said Juwai IQI is an international real estate technology group that supports local and global real estate transactions and ownership. Headquartered in Malaysia.
Ansari responded that Dubai remains a trophy investment opportunity for sophisticated and smart investors globally.
“Whether it’s real estate market investments, start-ups or PE or gold investments, the UAE takes center stage in the investment world.
“The range of investments is impressive. Some of India’s leading banks, manufacturers and startups with direct stakes are investing in the UAE, thereby becoming a significant source of capital and investment hub,” Ansari added.
Ansari noted that the key source of funding will be Abu Dhabi, which has secured billions of dollars from several Emirati companies in various sectors. All this shows that the UAE is developing into the financial capital of India. Additionally, many CFOs prefer Dubai as a hub for handling global financial markets due to time preference and regional connectivity.
“Juwai IQI expects UAE GDP to grow by 3.5% to 4.5% in 2023 due to high economic confidence and investor preference for Dubai,” Ansari added.
“The UAE has recently attracted a lot of Indian investment, which has boosted local businesses and the economy. It has had an impact on the geography of India’s success. In this day and age, we have seen the likes of Mukesh Ambani, India’s richest man. The billionaire broke Dubai’s house price record in August with an $80 million property at the tip of the palm-fringed archipelago.”
“Then he broke that record in October with $163 million (details are scarce). A record high for recorded real estate transactions,” Ansari concluded.
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