Bubble Burst!!
Well they say what goes up comes down!! there will be a burst but not in the next 7 years which is confirmed unless U.S. gets really upset at U.A.E or any of its neighbour
But dubai and abu dhabi prices will increase due to high input of money in these cities and no control on inflation, so by the time they crack or control this inflation it will take seven years, if i got the maths right from meryl lynch.
There will be enormous increase in Abu Dhabi as they have tremendously slowed down giving approval to developers so the demand will henceforth increase drastically.
Ajman will see a lot of end users and it is predicted that 30% of U.A.E population present right now will live in ajman by year 2015
Dubai will be an exclusive hub to HNI, and prices will stabilise by 2015 and it is also predicted Marina prices will collapse due to weak infrastructure of raods and transport.
I have got the whole report as stated by different companies. Lets make it easy to understand for a common man, E.g: IF A FORTUNE 500 COMPANY FIRM RIGHT NOW DECIDES TO PURCHASE AN OFFICE IN DUBAI THEN PRICES WILL STABILISE 2015 COZ THE COMPANY BELIEVES IT IS SAFE BET TO BE HERE.
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