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Property Buble Burst

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  #1  
Old 19-05-2008, 09:03 AM
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Default Property Buble Burst

Lately I have been hearing of property bubble burst in the Middle East. They claim it will start from the UAE where prices are very high. Do you think this will happen any soon, I hope not as I am an investor in this market.

Please shed some light into this discussion.

Kimo
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Old 19-05-2008, 09:30 AM
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It will happen around the end of 2010.
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Old 19-05-2008, 10:00 AM
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by 2012 - can expect 20% correction, not a burst.
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Old 19-05-2008, 10:14 AM
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Good to see some optimistic views. Are these views based on any reliable sources? mind you my sources are internet forum groups so not really reliable but the crazy current prices are not to be ignored. They could be a sign to exit the market!!! I hope I am wrong.

Kimo
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Old 19-05-2008, 10:50 AM
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THE SKY IS FALLING - THE SKY IS FALLING -- WHEN WILL IT FALL

i have always been telling ppl - dont worry -there are lots of vested intrests to let the prices fall. Analysts may say any thing . Yess there not much end user demand in the UAE.

Suddenly u will see no new projects coming up then it will be the time to get out of real estate investments. As long as there are projects it is all hunky dory -- hang on tight

make money while the sun is shining in dubai
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Old 19-05-2008, 12:42 PM
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Your best bet is to get in and get out within 6 months and then repeat the cycle over. This will reduce the risk even if there is a bubble bust, which I doubt.
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Old 19-05-2008, 12:58 PM
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Depends when you got in. I am thinking it might be time to take profit and be happy. :-)
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Old 19-05-2008, 01:58 PM
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What about if I want buy and keep till competion what you think prices will fall that much that you will loose money...I mean if buy right now for 450AED in Ajman ..and keep till comletion can get situation that prices will be lower then 450AED??
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Old 20-05-2008, 07:50 AM
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i feel returns go down day by day untill completion and again pik up after completion . This is my 2 cents . As the project becomes older the returns trickle down
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Old 20-05-2008, 07:51 AM
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i am still buying and will keep holding coz i have faith in the dubai story as long as there is demand ill keep buying
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