Quote:
Originally Posted by savais
I am not so sure about 2008. Yes, if all the projects completed on their actual date, it would have been true. However, all those projects that were slated for 2008 are only going to be ready mid to end 2009. So I would think that 2010 is the year when the market will correct. Don't expect drops of 20-30% because I don't think that will happen, not everywhere, only in places that are too inflated at the moment.
Then again, what do I know, just the same as you. It is all about opinions, otherwise EVERYONE would be a smart investor.
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I agree with you that the inevitable late deliveries will hold off price corrections.AT the end of the day none of us,smalltime investors or financial institutions know whats going to happen.I do think if your intending on holding onto your property long term then you could possibly ride out the storms and come out the other end having made a tidy profit.After all,come 2020,with Dubailand and other projects in the pipeline Dubai should become one hell of a city.