Terra Nova is coming to Zurich again this summer.

At a time when travel is probably not a priority for everyone, we are deliberately creating a place for exchange, insights and personal discussions - uncomplicated and in a relaxed atmosphere.

Overall, the real estate market in Dubai got off to a stable start in 2026. Demand remained high, transactions remained at a solid level and the basic market mechanisms continued to function unchanged.

At the same time, the quarter was increasingly shaped by the geopolitical situation. The escalation of the Iran conflict from the end of February had a noticeable impact on market sentiment. While the figures for Q1 still appear robust overall, there was a certain slowdown in momentum in March in particular. Buyers are acting more cautiously, decision-making processes are taking longer and negotiations are increasing.

As a company with local roots, we experience the situation on the ground every day. Nevertheless, it is important to us not only to share our own perspective, but also to provide an independent assessment.

For this reason, we spoke to Bruno Marroni, a long-time visitor to Dubai, real estate investor from Switzerland and Terra Nova client. His view as an external observer provides a differentiated insight into the current situation.