Quote:
Originally Posted by savais
I know it is one of those questions which you need a crystal ball for. I guess I just want people's opinions on whether the price per sq ft of a place anywhere in Dubai could go less than 800 for example.
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Certainly not. I feel Dubai would never below Dhs 800 psf. My guess is Dhs 1,000 to 1,200 would be an acceptable price in the future in the event of a correction.
I bought my investments at Dhs 700 to 850 and I know for sure I cannot go wrong whatever happens. I confidently say that even if the market corrects by 50% I will make money in terms of rent.
Regards
Roshan