India, Oct. 29 -- Interest in Dubai real estate has temporarily slowed but has not disappeared, and the city is likely to retain its appeal once peace returns to the Middle East, Niranjan Hiranandani, founder and managing director of Hiranandani Communities, told Hindustan Times Real Estate.

"The Dubai fever may have subsided for now, but it is far from over," he said, adding that recent developments had temporarily dampened enthusiasm for the market.

"I don't think the love for Dubai has been eliminated; people still love Dubai. If push comes to shove, people will still go back. If peace is restored in the Middle East, Dubai will still have its appeal. For the last 40 years, people have lived in Dubai and felt quite safe and sound, so ...