Investoman_uae, I will beg to differ to most of your comments. Simply because the property market in Dubai has not fully matured. Most properties are being bought by a large proportion of cash. People like you and me putting down 30% - 50% or in ordered cases putting down the whole 100% in stages in parallel with construction and thru to completion. The success (or longevity) of the property market will be aided by availability of mortgages for the young Dubai indegenes who at some point will also want to get on the property ladder. It will mimick what happened in the UK, where many young adults just thought it a waste of money to be renting and with the availability of Mortgages many went to buying route. Also the UAE region as a whole will continue to have expats working in the region and they will continue to be able to afford renting, so as long as the government provides the necessary infrastructure Water, Power, Transportation, then I am sorry I dont see the problem you see.
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