thanks for the infor Fran - I tend to agree with most of what you mentioned.

Further more, regarding the corruption:
In this country (as in any other) corruption is not something new and have been dealt with since many years in a silent civil manner - no yellow/white press!! Once in a while people will be released from their posts, their buildings sized or their businesses change owners. In UAE is very unusual to investigate in such noisy manner with such huge international press coverage. Bear in mind the so famous censorship......

Now it's done for a reason, which is that some one wants to prove to the rest of the world that the law here is the same for every one and actions will be taken immediately in case of any (financial) wrongdoing.

Why we want to prove that? Because we need more people to come and buy our real estate, open more companies in the Free Zones, do business, invest in the DFM and fly with the Emirates from Terminal 3
This people could come from China, Russia, India etc, and they should feel safe and secure to invest and live here.

........recently The Plantation (3.5. bn project) was sized by DIB from it's Brit owner, while the local corruption accused just made the headlines without sanctions in figures yet .......

At last, the timing for all the corrective actions is perfectly chosen: the month of August, which is known since ages as slow for business and Ramadan when people sleep half day because of the fast.

Gear up folks for Eid-Al-Fitr, Cityscape, GITEX, The Big 5 ++++ full calender ahead!

I respect your comments and they make sense.
My post was at the time when the DFM went down 10% at one stage today (don’t know about tomorrow). Purely emotional comment nothing to do with annoying somebody. Anyway I have also stated that Dubai is unique and doesn’t essentially follow the market rules.
I have three investments in Dubai and I don’t think I am the one who wants the prices to go down. My idea is that everything has an end I want the end to come as late as possible.
A fast surge in the property prices will reach the end very quickly.
What I want is a stable market with no surprises.

Well, I've started to receive some very good offers for my properties, so I don't know what to make it of it. Maybe market is starting to pick up again. I also expect a correction, but it may not be any time soon.

Hi PropGuy - how do you market your properties?
do you get offers through agents or do you advertise buy yourself?
please share with us.

Friends and agents. A month ago I wasn't getting any offers, but now people are calling. It could be luck, city escape, or 30/70 payment plan properties + city escape.

To be honest I don't know, I'm probably marketing like anybody else. Although I'm openning propety listing website soon, that would be a good place to market propeties

In time to come it would probably be City escape instead of cityscape

The flippers could be at it again. Buying before Cityscape and dumping during cityscape for even as less at 3% premium.

3% or more in a few days is not a bad deal

Regards

Roshan

I think that would depend on the location, payment plan, and finance. I've recieved 15% net offer on one of my properties in downtown dubai. I don't know about others, but I'm getting good offers. Don't know what they are planning to do. But I doubt it they would sell that for 3% premium. Could be expecting to make 3 to 5% additional premium during Cityscape.

But one of my buyer is long-term holder. So I suspect he wants to hold the property for renting and wants to buy now incase prices reach 5,000 ps. ft. on average in Downtown Dubai.