The Emirati artisans’ works have been made accessible to an audience of more than 15,000 individuals and crafts enthusiasts who participated in Irthi’s local and internationally organised events during 2021.
Dubai: Art is widely viewed as a high-profile investment. Art offers an alternative to park excess funds, which you might not want to put in the bank.
Analysts have often evaluated how art provides the highest long-term return of any asset class and enjoys the least dependency or correlation with traditional assets, which facilitates portfolio diversification. Tradable in different currencies, art also makes it easier to move funds.
As art has no inherent worth unlike gold or real estate, art valuation is subjective while prices are volatile. Some indices claim that art can give annualised returns of 10-12 per cent while others estimate it much lower at around 4 per cent.