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Old 20-07-2008, 10:30 PM
georgihh georgihh is offline
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Join Date: Oct 2007
Posts: 703
Default Supply, Demand and Market Crash in Dubai

Supply – reasonable just to cover the demand
Demand – enormous
Market Crash – not possible because
1. A lots of old residential areas are being demolish
2. Financing of the properties is still not at the reasonable rates (currently 8-9% should be 5%)
3. Too much money around town

Prices will go up by another 50%, before stabilize and whoever wants to make 50% in one or two years should buy now, never mind all the speculators who double the money in just a month
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