is the price of Dubai (UAE) properties go on increasing or will it crash soon?
Monday, March 8th, 2010 at
10:39 pm
I have purchased several propeties in Dubai.
The price has climbed from 50% to 300% on them depending on the project.
I am afraid that there soon will be a crash in Duabi real estate and I lose my money the same way I lost it in US stock market in 2000.
Any one can give me some info and help ?
Quick Property Sale
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Tagged with: Crash • Lost • Real Estate • Stock Market
Filed under: property crash
The time to sell is right now. The price will become stable as per some industry reports, there’s this outside chance of a price crash though.
Guess that was bound to happen as the supply has far exceeded the demand. I feel it was a deliberate attempt on the part of the government to increase the rental so as to encourage people to invest in properties. The initial surge will die down gradually.
chances are it will be static, due to a mini depression in USA & UK.
If you sell, they will go up another 300%.
If you hold, they will go down.