Oversupply
This happen in all markets from time to time. Inevitable as far as I can see. You get every developer and his uncle jumping on the bandwagon of a good thing...and why not.
The great thing about Dubai is it has more than just vacation property to offer so even in a tighter market it has other facets to bring on board. The rulers have clearly thought about the issues of a dead market with its long term detriments.
Personally I have no issues with the oversupply over time. Short term flippers may suffer.
Paul
International Property Directory
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