Dear Talk
As I understood, the demand of property in dubai was mainly because of instability in Iran, Pakistan and African countries for their second residence. If those people will not get residence visa, obiviously, they will not invest in Dubai and demand will go down and prices will also comedown.
I am very sure that this step will reduce the demand in Dubai and as a result prices will go down. How much!!!!!! is a question mark at this moment.
Last edited by sgaur; 27-08-2008 at 03:40 PM.
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