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Old 24-05-2008, 01:06 PM
georgihh georgihh is offline
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Join Date: Oct 2007
Posts: 703
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At the moment Dubai is booming the business is on high a lots of jobs
But soon or later this will change.
The cycle in Dubai ups and downs reapers every 10 years.
Next time down will be 2011-2012
The petrol prices will fall down the property market will be flooded with new developments.
And at that time if the government doesn’t splash the cash to protect the market we don’t know how much will be one bedroom.
But we still have 2-3 years to enjoy.
That’s why nobody thinks for the future every body thinks now( specially in Dubai).
Will be one more prize hike most probably later this year and after that will be long long downturn and as result I will buy one bedroom in Dubai Marina for 1000 DHS per sqft
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