Yes, I also think there will be a correction, the market will mature as more laws and regulations are introduced. Also I hear they are thinking of introducting some form of taxes like VAT for example.

Anyway, what you must know is that there is every factor to suggest that this market will continue to be strong. The Western Markets are declining, so Western and European investors are flooding in to Dubai.

Its one of the best places to live in, everyone wants to live here, and you have a oil rich country which isnt shy of producing spectacular projects, never seen before. World's Tallest, World's Biggest, ....etc. People like that sort of thing,...its good to live in a place out of the ordinary.

Plenty of banks lend 90%+ of the property's value, and the repayments are within people's capabilities. Its not like in the UK for example where banks lend to people who are already struggling with prices of food, petrol, taxes, property taxes, National Insurance, ...etc etc so this system failed, people couldnt cope anymore,.... same in the US.... they borrowed more than their capability to pay back.

So its looking good for Dubai and the Gulf Markets also.

The only way it will mature and go through a correction is when it gets regulated. As you've seen from the last RERA conference, its only now they are beginning to introduce concrete property law.

Anyway I am hungry and when am hungry I cant think anymore lol.

A PM is on its way.

Regards,

Inv.