Hellenic Properties: Crete has the potential to replace Dubai as a real estate epicenter

ISTRO FORTI, Greece - May 11, 2026 - PRLog -- Dubai's real estate sector has shown early signs of weakness in the weeks following the start of the Middle East war its index plunging by almost 50%. The UAE recorded an 89% transaction decline with only 26,960 real estate transactions between February 28th and April 29th, 2026, instead of 246,951 transactions recorded in the same period last year as data by Dxb Interact shows. No longer perceived as the unquestioned safe haven it once was, and with the psychological image of the desert state weakened, many investors are looking to place their money elsewhere.

Greece has established itself as one of Europe's strongest tourism-driven economies, welcoming almost 38 million international visitors in 2025 and generating €23.6 billion in tourism revenues. Supported by its position within the European Union and the Eurozone, the country offers a stable legal framework, strong investor protection, and long-term growth fundamentals. Furthermore, Greece continues to offer some of the more affordable square meter prices in the Mediterranean.

Cyprus-based Hellenic Properties develops sustainable touristic complexes (www.hellenicproperties.gr). Investors can participate through a fractional property model. The developer is acquiring unfinished tourist complexes throughout the island and finalizes the constructions. Investors can acquire fractional properties by buying shares of our Cyprus holding company.

Over the past fifteen years, international arrivals in Greece have more than doubled — from approximately 15 million visitors in 2010 to 38 million in 2025 — reflecting sustained structural growth in demand.