Quote:
Originally Posted by DoBuy
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.
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Agreed, price corrections will only impact short-term investors, not the long-term investors or end users because in the long-term, they are not likely to make a loss.
I bought my property in dubailand and was very excited at the time. Sure, these delays have toned down my enthusiasm, but even though it will take longer to complete, when dubailand is eventually ready, it should be a fantastic location.