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Originally Posted by dubaiboy
Some good discussions going on , Really enjoyed some of the logics. I also heard about power shortages in Dubai , especially in Discovery gardens.but Dubai electricity and water authority is building a a huge power plant which will increase their capacity by 4 times the present one.
But I dont know if there will be enought number of people coming in to stay in the new developments like JVS , SC , IMPZ , DIP etc
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It's healthy discussion and exchange of views and nothing personal.
You have a valid point, however at the moment, getting commercial space in Dubai is difficult with 1% vacancy rates. Dubai chamber of commerce issued 1100 licences last month only as per the article on Gulf News. Yes, all that is bound to change when more commercial property comes in, which takes me back to the point I made.
An investor ( investor A ) who bought ar 1295 dhs psf in Business Bay is bound to do well than an investor ( investor B ) who bought for 2800 dhs psf. If the market should correct, the corrections will be on the prevailing rates of 2800 dhs psf if not more.
Now even if the market corrects by 50%, investor "A" who invested at 1295 dhs psf will not be affected. More over investor "A" would be able to rent out at a lower rate.
Right now it's a wait & watch situation. Everybody hopes that people will come in. Dubai is strategically located they say and that should be a plus point.
This is my analogy, hope it's right.
Regards
Roshan