She did have a few caveats for China, which has seen a lot of "overheating", in her terms, of its real estate market, as of late. The central government put "restrictive measures", she explains, to cool the market down, some of which are monetarily prohibitive, such as forbidding foreign borrowers to be involved in a deal. She remarked, "[China] is not an easy place to do deals at this time." There are still deals getting done, she explains out, but you have to look more toward development in second tier cities. Roth, whose firm is currently involved in a few deals--which he pointed out are not closed yet--backed Murray, explaining that there are structuring issues causing problems "getting money in and getting money out."

In lieu of China, the other BRICs--Brazil, Russia and India--present issues of their own for investment. While the panel acknowledged the opportunity in Brazil, the focus turned to Russia and the mass of wealth it has accumulated over the last 10 to 15 years, since the fall of the USSR. Trump said that Russia has "more national strength" and focuses mostly on Moscow, as opposed to St. Petersburg, but the most important thing seemed to be brand.

Roth interjected his concurrence, "Brand is very important in these emerging markets," citing Blackstone's recent acquisition of the Hilton brand--which just debuted in Moscow. But Trump is wary of deals in the former Soviet Republic, calling it a "scary place" and "the wild west", compared to a more logical deal-making structure like India. "[It's] not an issue of finding a deal," Trump explains. "Can I get my money back? Can I trust the person I'm doing this deal with?" The lack of transparency and the uncertainty of their markets had spoiled a few of his company's possible deals, he warned.

The panel was split when it came to Dubai, some finding opportunity, others issuing caution. Andrews, advocated for investing in Dubai, saying that he feels many Americans have not taken advantage of Dubai simply out of "ignorance and fear". There are "variables that don't affect the west", Andrews continues, citing the supply and demand factors of the other middle eastern countries. Roth disagreed with the characterization of American investors being ignorant on Dubai, saying that "a lot of the deals, don't make sense" and scare away more conservative investors or funds, questioning some developments' fundamentals.

Regardless of opinion, Dubai is expanding its real estate market exponentially and concerns were voiced as to a potential burst in its bubble, a la the current US mortgage crisis. Trump saw promise, reminding that Dubai is a "safe haven for the Middle East," which changes supply and demand factors, but pointed out, "Every market is cyclical."