Quote:
Originally Posted by Roshan
Keep your money ready for distress sales. An investor starts panicking when the flats are empty for 6 months and EMI's go out every month, then they want to dump the property at any price.
Dubai has to correct and mature like other markets.
Regards
Roshan
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Good point
Everything is in the hands of the governments.
Option 1
They open the market and let it go – in this case we can buy 2 bedrooms in greens for less than one million
Option 2
They keep on delaying delivery, charging enormous fees for visas and restricting free developments – in this case I will buy a 2 bedroom in Greens for half a million
In both cases we win – Good luck