Prices might drop as from next month
Before we see another rally in the property prices in Dubai I think they might go down a little bit in the next couple of months until proper regulations of owning and buying properties are introduced.
Reasons
1. The last increase was to much and the prices should go down a little bit
2. UK, Europe, Pakistan currencies are loosing against the dollar and people from those countries might consider cashing up and generating a huge profit.
3. The residential visa against property should stop a considerable amount of people investing in Dubai’s properties.
4. Lots of people I say as much 10% a very disappointed from the market, due to - late delivery, construction cancelled or not started, or not achieving land registration.
5. Abu Dhabi will take a huge amount of capital from Dubai.
6. There is more than enough supply of properties apart from the bottom end flats
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