I can't take too much notice of a one-off report like Morgan Stanley,I prefer to lump a number of reports from different sources together and see what they say.So far its looking like prices will continue to rise till sometime 2010.
Personally I can see prices rising but alot slower than over the past year.Maybe 25/30% and not 80% on average.Lets not forget prices are still below Singapore and Hong Kong.
For those looking for a quick buck maybe those times have gone.I see Dubai as a long term investment.Buy now,see you property value increase over the next 18 months then take a correction.Wait another 2 years and see prices start to rise again slowly over a few years as many of Dubais projects get completed and the population rises.
No-one can predict what will happen.No-one saw the credit crunch in the US.No-one saw house prices in the UK tumble.No-one saw oil rise to $150 then when it did they said $200 would be next.Now its right down to $117.No-one saw the dollar get this strong this quick
and get to $1.85 against sterling.No-one knows,everyone just guesses.
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