Quote:
Originally Posted by DAYFox
Very interesting discussion! Always like to hear more about BusinessBay and Dubai poperties in general 
What is current market price in BB now (off & res)? And i recognized you are talking about HongKong, Singapore etc. comparing to Dubai. Therefore I was wondering what the current sqfeet price at those places? But don't forget one thing; in HongKong there is no space which can be build at all whereas in Dubai there is still a lot !!! |
Now that's a valid point. Hong Kong, Singapore there is no space to build anymore. While Dubai has a lot.
You cannot compare Dubai to matured markets like Singapore, Moscow, London. These places have seen the up and downs, twists and turns of a cyclical market. What has Dubai seen. Dubai is still on the starting point of the cycle.
There are countries like the U.S. where you have real estate indexes where you can analyse how that particular areas are performing. You can approach authorities to see what prices the last umpteen number of properties were sold for.
Nobody knows how Dubai will move in years to come. If it moves up, everyone will be happy. If it does not, we will be licking our wounds.
At the moment, Dubai can be compared only to Dubai and no other place.
Regards
Roshan