Dubai Real Estate is entering the "who’s buying?"

The boom was about product. The next phase is now here.

For four years, Dubai real estate ran on a simple rule:

• If you could put a brochure in front of brokers, you could sell out a project.

• Anyone with cash and an interest in a Golden Visa counted as a buyer.

• Family offices, flip investors, sovereign-linked vehicles, end users, speculative capital from Russia, India and China - all of it registered the same …