Quote:
Originally Posted by Ginger
UAE is still a place to invest, it might slow down in couple of years, but prices are still growing well, 10-15% increase in the market predicted next year as per Dubai One TV channel... and this is for ready-to-move-in property, imagine how much you can make on off-plan...
Is is not as crazy as it was 3-4 years ago, when people made 3-5 times their money, but... can be serously considered I am sure...
|
I think UAE is getting close to saturation now. From what I have heard, the main debate there among people in the business is whether the market will be oversaturated by 2009 or 2010.
There is just so much property due for completion over that there period that it's hard to see where all of the people will be coming from in order to rent it.