All I hear from everyone is Dubai real estate bubble is going to explode by 2nd quater of 2009. Not sure how far it is true!!! 
me and stupid works….!!!
All I hear from everyone is Dubai real estate bubble is going to explode by 2nd quater of 2009. Not sure how far it is true!!!
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November 14th, 2008 at 10:42 pm
I think there is going to be a substantial correction in the Dubai real estate market. Banks have either stopped financing or put stringent lending policies for retail investors. Moreover, due to current economic crisis some companies have already started trenching jobs. And, I heard that this is a beginning of a massive job cuts because of the crisis. If this happens, it will eventually lead into a real estate crash.
November 29th, 2008 at 10:24 am
It happens everywhere when things are over priced. But i’m sure it is going to come back anyway. When there is a upside there is definitely a downside, nature economics.