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During the early days of the pandemic, Dubai’s property market was in turmoil, with an abundance of unsold homes and scant prospects for a recovery in the oil-rich region. But for Akshay Naheta, that proved the perfect time to buy.
The former SoftBank Group Corp. executive said he started scooping up land — gaining a partial interest in 20% of the plots on the city’s secluded, seahorse-shaped Jumeirah Bay Island. Now, after several years of construction, that bet looks set to pay off as he and Lebanese developer Wissam Damaa launch a collection of 10 mega-mansions on the isle and…
