Whatever it may lack, Dubai’s never been short of ambition and that ambition has never been more visible than at the inaugural Dubai Property Show at London’s Olympia conference centre this weekend.
From sprawling mini-cities like ‘Dubai Hill’s – where nary a mound, let alone a hill, is in sight – through villas overlooking one of the Emirate’s award-winning Golf Courses all the way to penthouses in the sky, the entire spectrum of the tiny city state’s property dream is on show at the show.
The Dubai Property Show speaks volumes of the emirate’s resilience and optimism given that it comes just six years after it was hit hard by the global financial crisis of 2008/2009.
Confidence is returning and with it, the investors with Brits among the top buyers, spending more than £1.6 billion in 2014 alone.
Prior to the crash, Dubai’s building boom had been financed by a seemingly endless stream of credit. Whilst the processes have been streamlined and new regulations imposed to avoid the sort of speculation that was rife pre-2008, the naked ambition still remains.
No one epitomizes that ambition than London-born and bred entrepreneur, investor and president of Sumansa, Sunil Jaiswal.
The UKAsian’s editor Viji Alles caught up with Mr Jaiswal to talk investing, ambition and sunshine.