Fifteen to 20 years ago, when the going was tough, officials and agents of Dubai-based real-estate companies would visit Mumbai and other key cities in India. They showcased and aggressively marketed their projects, highlighting comparative advantages in pricing and rental income. The aim was to persuade Indians to invest in property or buy a second home.
Also Read | Iran-Israel war LIVE
The impact was swift: within two weeks of the war, the Dubai Financial Market Real Estate Index (DFMREI) had fallen 21 per cent, while property…