Originally Posted by georgihh

IC is the cheapest at the moment and the prices are going up 2-3% every month.
The rule supply and demand dose not applies for Dubai as there is excessive amount of cash. And as far as the petrol goes up the prices will go up. The properties at IC will appreciate by another 20-30 % in the next 6 months.
Regarding the building being empty is due to the release of enormous amount of flats for the last 6 months. But this is over now everything is absorbed by the demand and the rental prices are going up as much as 10% per month.
On top of that the sewage plant issue is sorted to a reasonable level and Nakheel putting greenery around IC will shoot up the prices even more.
By the end of the year prices will be
Studio - rent 50000 - 52000 DHS - sell 550000DHS
One bedroom - rent 70000 DHS sell 750000 - 80000DHS
So Harry up