The release of 6500 properties at JBR was supposed to have been an indication of how the dubai market is going.So far its had no negative effect on rental prices or sell prices.
Most in depth reports are saying prices will continue to rise till at least 2012.There are still many developments to be launched especially at Waterfront and Palm Deira.So many tuned in developers who know the market wouldnt bother launching if they felt the market was going to overheat in the next couple of years.Plus as has been mentioned
material and labour cost is shooting up.In the UK where I am people were predicating a crash or slowdown 4/5 years ago.Insteasd prices have shot up and now these same people who had waited for the crash and cheaper properties have no chance.The same will happen in Dubai to all those doom merchants.
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