Amid geopolitical tensions in the Middle East, investors are increasingly seeking safe and stable alternatives, according to Levan Bolkvadze, founder of Reinvest. He noted that Dubai’s real estate transactions fell by 48% in March compared to the previous month, creating a potential opportunity for countries like Georgia to attract new investment.
Bolkvadze emphasized that for investors, safety is the top priority, followed by taxes and infrastructure. While Dubai has long been a stable market with international investors, recent security concerns have prompted some to reconsider reinvestment, potentially shifting interest to emerging and secure markets like Tbilisi and Batumi.
He highlighted examples from recent crises, including the Russia-Ukraine war and conflicts in the Gulf region, which redirected capital toward Georgia’s real estate market. Bolkvadze expects that ongoing tensions, such as the Israel-Iran conflict, could similarly increase investor interest in Georgian projects, including developments like Eagle Hills.
To capitalize on this opportunity, Bolkvadze stressed the importance of reforms, including the introduction of escrow accounts and improved banking products. These measures would protect investor funds, ensure transparency, and build confidence in Georgia’s real estate market, making it a more attractive alternative to unstable regions.
