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Dubai real estate - second most expensive in world
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 3 February 2008
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Results 1 to 6 of 6
Posted on Monday, 15 September 2008
Cant hold overvaluation.
Posted by Ahmed at 14:20 UAE time
Dubai and the GCC countries cannot hold this overvaluation for long. With oil prices heading south and a recession in the western hemisphere the vary model that fuelled the real estate fire has vanished. I can now predict that Dubai property is the most expensive in the world. There are no fundamentals left to support the current price level. Prices are already notionally down which is exacerbating the situation as sooner rather than later the developers and landlords will no longer be able to hold on to and demand current values and then you will see a slingshot effect where the decrease in assets values to fall faster than anyone can imagine.
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Posted on Tuesday, 5 February 2008
Supply is already more
Posted by Expat at 17:52 UAE time
Dubai property markets has two sides. One, 30% of apartments in Dubai Marina are vacant, properties section of the paper is growing thicker. Second, too many people are sharing villas and apartments in jumeirah, umm suqueim, simple because they cannot afford high end apartments. The so-called middle-income apartments are at such bad places with even worse finishing that no one wants to buy. Dubai is living in a dream world. No one wants to face the realty of addressing the actual demand instead created imaginery demand of super-ultra-over-the-top luxury housing!
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Doesn't do much
Posted by Juleka at 17:33 UAE time
Reducing rent cap doesn't do much to get the inflation down. It is also must to controll the hiking food prices, schools and hospitals fees.
The rising inflation is forcing the family man to live a bachelor life here and send their families back to country.
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Posted on Monday, 4 February 2008
Dubai Real Estate
Posted by Phate at 10:29 UAE time
Continued housing supply shortages......
Strangely enough you can drive through any location in Dubai and find PLENTY of open apartments / villas etc. Why are they open? Greed.
High rents do push higher inflation and is one of the main causes thereof. Has anyone ever considered why we pay such high prices for such ridiculous low quality homes?
No drainage, sewage problems, dangerous wiring, leaking roofs, unstable foundations etc etc etc.......
When will the government create a body that ACTIVELY ensures buildings are built according to rules (and give fines where they dont comply) and regulate cases where Studio apartments can sometimes cost more than villas....
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yeah right..
Posted by Samer at 10:01 UAE time
"Continued housing supply shortages" .... Oh come on!
Didn't anyone see the Properties Classified section in any of the local newspapers? They are growing thicker and heavier than the actual newspapers...
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Cap in Abu Dhabi
Posted by Mahmoud at 08:40 UAE time
The cap has been decreased in Abu Dhabi to 5% only in January 08.
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