Dubai Real Estate: Demand From Wealthy Buyers Is Strong, UAE Economy Minister Says

United Arab Emirates Economy Minister Abdulla bin Touq Al Marri discusses diversification away from the oil economy and the outlook for the Dubai real estate market. "Last year we were topping the world in the reports, 6,000-plus high net worth individuals moving in," Al Marri tells Bloomberg’s Joumanna Bercetche on the sidelines of the Investopia conference in Abu Dhabi. "This year as well we expect in the thousands. Hopefully we beat last year’s number," he adds. "But we see this kind of movement and that demand for creating as well a real estate sector that really attracts high net worth individuals."
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