India, March 2 -- An Indian-origin investor family from Gujarat, based in Dubai, booked a luxury apartment with a leading developer on February 28. However, within hours of the booking, regional tensions escalated following reports of missile interceptions, prompting the buyers to reconsider their investment decision. The family is now in a dilemma and hopes to renegotiate the price with the developer before making further payments to complete the transaction.

According to Dubai real estate experts, both developers and investors have adopted a 'wait-and-watch' approach, with market activity temporarily slowing amid heightened geopolitical uncertainty.

"We booked the apartment on February 28 after a long wait, as earlier we were not gett...