Quote:
Originally Posted by Doctor Robert
Nice quote Roshan, "as they say"? or as Bob Marley says?
but honestly, i dont know why everyone is being pissy about this. personally, having bought in the first Maysan launch, i am actually kind of happy about this:
for the next several months, apartments will be leaking into the market with increasing prices.
in the mean time, the market will not be flooded all at once as what usually happens right after a launch.
all this means that I can take my sweet old time with my unit, and milk the market until i get the best offer possible :-)
thoughts?
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From what I see is that, since all the possible markets are down, people must be taking their money of from the banks and investing in real estate.
Dubai is not tested as a market and one keeps wondering how the markets will move. 1 Beds going for 1.8 million. Commercials going for Dhs 2800 psf. Waterfronts going for Dhs 4000 psf. If you think about these prices, they are insane.
If too many apartments coming in, there could be a correction...one really does not know whether the "build and they will come" attitude that Dubai has adopted will click. On the other hand Dubai has never gone wrong so far.
Let's hope for everybodys sake the markets will move up. However markets cannot always move up, somewhere, sometime there is bound to be a slide.
People who have bought sensibly will make money.
Regards
Roshan
Oh yea, that was Bob Marley, one of my all time favorites