How I read the markets in 2026: London, Dubai, Miami and Melbourne
I operate in four very different markets. In this article I explain how I read the economic trend of each one, and why geographic diversification is my first form of protection.
Four markets, four different logics
When people ask me how the economy is doing, I always answer with a question: where? I operate between London, Lugano, Miami and Melbourne, and I can assure you that in the same month you can see four completely different realities. London remains a mature market, where value is built on the quality of the asset and on management. Dubai moves fast, with international demand that rewards those who move first. Miami is driven by the flow of capital and people from the rest of the Americas. Melbourne is a solid, slower market, but with very healthy fundamentals.
My first principle is this: there is no such thing as "the market", there are markets. Those who think in generic global terms risk making the right decisions in the wrong place.
What I look at before investing
I look at three things, in this order: real demand, the liquidity of the asset and the regulatory context. Real demand means real people paying for a service or a property today, not projections. Liquidity means being able to exit an investment without selling it off cheaply. The regulatory context means knowing exactly which rules apply, because they change from country to country and can change the result of a deal.
The case of my apartment at Damac Tower in London explains it well: bought for £1,100,000, today it is worth around £300,000 more one year later and generates on average £20,000 a month in rent on OTA platforms. This did not happen by luck: it happened because demand for high-end stays in London is real, the asset is liquid and the rules were clear before signing.
My practical advice
Do not concentrate everything in a single country, a single currency or a single sector. I do it with real estate, luxury car rental and private aviation: three sectors that respond to different cycles. When one slows down, the others compensate. It is an approach that requires more work and more presence, but it is what has allowed me to grow steadily since I started doing business at 24.